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Donald W. Hudspeth
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Why a Business Seller Should Have a Lawyer Review the Letter of Intent

A letter of intent (“LOI”) is a critical document in the process of selling a business. It outlines the key terms and conditions to be negotiated. This is meant to ensure the buyer and seller are aligned on major points before making the more substantial investment required as the transaction progresses. Because the LOI lays Read More

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Corporate Liability in the Age of Generative AI

Artificial intelligence can now create new content based on patterns it has learned from large datasets, generating original outputs that resemble human-created work. In the business context, can draft contracts, create ads and even recommend business strategies. But when generative AI gets it wrong, who pays the price?  Generative AI is a powerful tool, but Read More

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Best Practices for Asset Protection in a Single-Member LLC

A single-member limited liability company (SMLLC) is a popular choice for solo entrepreneurs. In an SMLLC, there is only one owner (member) who controls the entire business. One of the main attractions is asset protection. In theory, the personal assets of the member are shielded from the debts and lawsuits of the business. However, the Read More

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How Business Sellers Should Handle the Due Diligence Phase

The due diligence phase is one of the most crucial stages of the sale of a business. This is when the proposed buyer can assess the company’s operational, financial and legal health before completing the purchase. For the seller, effectively working with the buyer during due diligence is essential for bringing about a smooth and Read More

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Benefits of a Limited Liability Partnership and How to Form One

A limited liability partnership LLP is a structure where each partner’s personal liability for the debts or obligations of the business is limited. Unlike in a general partnership, where partners can be held personally liable for the actions of other partners or business debts, an LLP shields individual partners from such exposure. LLPs are especially Read More

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What Are the Essential Components of Service Contracts?

Service contracts are vital in nearly every industry. They manage a business’s relationships with vendors, consultants, freelancers, marketing agencies, IT providers and other external providers. These contracts set expectations, reduce risk and provide for legal remedies if disputes arise. Unlike sales contracts, service contracts are generally not governed by the Uniform Commercial Code. The substance Read More

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How to Dissolve a Limited Liability Company (LLC) in Arizona

Terminating a limited liability company (LLC) in Arizona can be a straightforward process or can be fraught with hazards. Ensuring compliance with state law and the LLC operating agreement is critical for a smooth and clean closure.  Here are the key steps you should take to dissolve an LLC in Arizona, along with important considerations Read More

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What to Do if Think Your Business Partner Is Violating Your Agreement

When a business partner appears to be in breach of your partnership agreement, the situation may feel both urgent and complex. Knowing your legal options and the best paths for resolution is essential to protect the business’s interests and your own rights. While each case is unique, several key principles and steps generally apply. Breach Read More

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What Goes Into an Effective Corporate Founders’ Agreement?

A pre-incorporation founders’ agreement is a contract between co-owners of a new business venture, typically entered into before a company is formally incorporated or registered. The agreement sets out the mutual rights, obligations and expectations of the founders, aiming to prevent disputes and establish a solid framework for collaboration and growth. A founders’ agreement is Read More

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FTC Ban on Noncompete Agreements Is Now Officially Dead

On September 5, 2025, the Federal Trade Commission (FTC) dropped its appeals of court rulings that had invalidated its nationwide ban on noncompete agreements in employment contracts. This action has important implications for employers, employees and the broader labor market, essentially returning regulation of noncompetes to state law. The FTC rule, announced in 2024, purported Read More

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Donald W. Hudspeth Attorney Photo
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.

AWARDS
  • Preeminent AV Rated
    Client Distinction Award
    Bar Register
  • AV Rating
    The Arizona Republic
    Newsweek
  • Arizona Sate University
    Top Rated Lawyers
    Client Champion
  • McAfee Secure
    Lawyers Of Distinction
    2020 issue of AZ Business Leaders

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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  • "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

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