Monthly Archive

July 2024

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[New Version] What Are Fiduciaries and When Can They Be Sued for Breach of Duty?

By Admin | Published July 31, 2024 | Posted in breach of fiduciary duty | Tagged Tags: fiduciary duty, legal obligation, Legal Remedies | Leave a comment

A fiduciary is someone who is under a legal obligation to act in the best interest of another, be it a client, an employer or another person or entity. In the context of business organizations, fiduciaries include directors, officers and sometimes majority shareholders who have control over the company’s operations and financial decisions. These individuals Read More

Proving Damages in a Commercial Disparagement Case

By Donald W. Hudspeth | Published July 24, 2024 | Posted in commercial disparagement | Tagged Tags: Commercial Disparagement, Legal Action, Lost Revenue | Leave a comment

When false negative information about a company, its employees or its products and services is spread, it can quickly damage the company’s goodwill and reputation. This is known as commercial disparagement and it can provide the injured company with grounds for legal action and potential compensation. However, in such cases, damages are not automatically presumed. Read More

Why You Shouldn’t Enter a Business Contract Without a Lawyer

By Donald W. Hudspeth | Published July 17, 2024 | Posted in contract drafting | Tagged Tags: business environment, Business Operations, cut costs, generic contracts | Leave a comment

In today’s fast-paced business environment, the temptation to cut costs wherever possible is understandable. However, one area where cutting corners can prove particularly risky is in the realm of business contracts. Many entrepreneurs and business owners may opt to use standard, off-the-shelf contracts or templates found online to save time and money. While this approach Read More

Guidance for FinCEN Benefit Ownership Information Reporting

By Donald W. Hudspeth | Published July 10, 2024 | Posted in regulatory counsel | Tagged Tags: asset hiding, Beneficial Ownership, FinCEN, money laundering | Leave a comment

The Financial Crimes Enforcement Network (FinCEN) has implemented the Beneficial Ownership Information (BOI) reporting rule in compliance with the Corporate Transparency Act (CTA) of 2021. This rule aims to enhance the ability of FinCEN and other agencies to protect U.S. national security and the U.S. financial system from illicit use. As a result, many privately Read More

The Benefits and Limits of Domestic Asset Protection Trusts

By Donald W. Hudspeth | Published July 3, 2024 | Posted in Business Law | Tagged Tags: Asset Protection, Estate Planning, estate taxes, fraudulent | Leave a comment

Domestic asset protection trusts (DAPTs) are sophisticated legal tools designed to protect an individual’s assets from creditors and potential lawsuits while allowing the individual to retain some benefits of the assets. While traditionally, asset protection trusts were established offshore, DAPTs offer a domestic alternative with certain advantages and limitations. These are the principal purposes of Read More

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Donald W. Hudspeth

Principal Attorney

Attorney Donald W. Hudspeth has more than twenty years’ experience practicing corporate and business law. Before attending law school, Mr. Hudspeth held a stock brokers license at the age of 21 and owned his own business at the age of 23. He was a business law professor at Arizona State University, West Campus, and has conducted classes and seminars for a number of higher institutions and organizations. Mr. Hudspeth has published two books on law and is the founder of the radio programs Law on the Edge and Law Talk.

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AWARDS

Our firm now offers a scholarship program for ASU first and second year law students.

The scholarship is awarded to students for academic merit with an interest in business and business law. Candidates may have majored in fields other than business, have taken a break between college and law school, or have had exceptional life experiences.

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SEE What People ARe SAyING ABOUT US

"I would recommend Mr. Hudspeth unequivocally. Not only is he an outstanding business attorney, he also provided me with access to a divorce attorney. Thanks to his skill, and resources available outside the Phoenix law family, I was successful in challenging a “family law” mediation that was particularly and grossly unfair." - Chandler, Arizona Private Individual
"Thank you for the work you have done in creating these documents. It is always a pleasure dealing with this firm!" - J. P.
"An excellent response. Masterfully prepared. Thank you." - El Paso, Texas Real Estate Investor
"Glad about meeting with Don. Felt so much better, better than in 15 years. Really appreciated the conversation." - RH, Phoenix Manufacturing Company

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