"This is the gold rush." The buzz about Arizona licenses
Large firms in the state are hearing a surge of inquiries from potential investors
March 12, 2021 at 09:43 AM
6 minute read
The first two entities to apply for Alternative Business Structure licenses in Arizona are far from household names. But bigger firms in the state are hearing a surge of inquiries from investors, and one leader talks about what makes sense for his firm. Have an opinion? Email me here. Want this dispatch in your inbox every Thursday? Sign up here.
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"This Is the Gold Rush"
It seems like a good time to think again about Arizona. And not just because the Kansas City Royals and Chicago Cubs are off to a fine start in Cactus League baseball. But also because the state Supreme Court's committee on Alternative Business Structures met on Tuesday for the first time since regulatory changes went into effect, and voted to recommend the first two applicants for licenses.
These firms are not household names. As I noted here last week, one—Trajan Estate—does estate planning and is looking to bring a financial planner into the partnership. The other, Payne Hubesch, is currently an accountancy practice, with one partner currently holding a JD as well as a CPA.
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