Welcome to your daily briefing on small business developments in Arizona. Today we're covering 6 key stories including updates on arizona small business headlines, background & context. Let's dive in.
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MyCorporation offers a step-by-step guide to help Arizona business owners register a DBA to build credibility and accept payments under their business name.
For Arizona small business professionals, operating under a trade name without proper registration can limit banking and payment options.
Registering a trade name in Arizona requires filing a Trade Name Application with the Secretary of State and paying a $10 fee.
Small business professionals in AZ need a registered trade name to legally operate under a name different from their legal business entity.
A DBA in Arizona is officially called a "Trade Name" and allows a business to legally operate under a name different from its registered legal name.
For Arizona small business professionals, understanding how to properly register a Trade Name protects your brand identity and ensures compliance with state requirements when operating under an alternate name.
Reach professionals in this market
3 stories
Buy-sell agreements among co-owners specify what happens at death, disability, or departure — but only matter if there is a funding source to actually execute the buyout. Common defects: insurance policies that lapsed, valuation methods that produce numbers no one can pay, and trigger events that include voluntary departure without a payment plan.
Without funding, the surviving owner faces a co-owner's heirs as the new business partner. Most buy-sell disputes that reach litigation are not about the agreement's terms but about the absence of a funding mechanism.
MCAs quote a "factor rate" (typically 1.20-1.50) on the advance amount, plus a daily holdback as a percentage of receipts. Translated to APR, most MCAs cost 60-150% annualized. The structure is legally not a loan, so usury caps and disclosure rules do not apply.
Cash-strapped small businesses that "just need it now" stack multiple MCAs and end up with daily holdbacks consuming most receipts. Recovery from MCA stacking is rare without formal restructuring or bankruptcy.
Most small-business insurance portfolios share predictable gaps: cyber liability (often excluded from general liability), employment practices (separate from general liability), business interruption (often capped well below actual reliance), and professional liability (excluded if not specifically purchased even when professional services are offered).
Each gap can become a six-figure claim that the owner assumed was covered. The cost of filling the four gaps is typically a few hundred to a few thousand dollars annually.
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