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Category Archive
Business Law
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How Business Sellers Should Handle the Due Diligence Phase

By | Published November 12, 2025 | Posted in Business Law | Tagged Tags: , , | Leave a comment

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

By | Published November 5, 2025 | Posted in Business Law | Tagged Tags: , , | Leave a comment

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

By | Published October 22, 2025 | Posted in Business Law | Tagged Tags: , , | Leave a comment

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

By | Published October 15, 2025 | Posted in Business Law | Tagged Tags: , , | Leave a comment

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?

By | Published October 8, 2025 | Posted in Business Law | Tagged Tags: , , | Leave a comment

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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The Essential Components of Affiliate Marketing Agreements

By | Published September 3, 2025 | Posted in Business Law | Tagged Tags: , , | Leave a comment

An affiliate agreement is a legal contract that outlines the terms under which one business promotes another’s products or services, typically in exchange for a commission on sales or leads generated. Companies use affiliate agreements to expand their sales reach and tap into new audiences. Amazon’s Associates Program is one of the largest affiliate programs Read More

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Key Indicators That It’s Time to Update Your Organizational Documents

By | Published August 13, 2025 | Posted in Business Law | Tagged Tags: , , | Leave a comment

Every business, regardless of its size or maturity, relies on governing documents such as the partnership agreement, shareholder agreement or LLC operating agreement. These documents provide a foundation for critical decision-making, management structuring and dispute resolution. As a business evolves, it’s vital to review these agreements to be sure they reflect current realities and to Read More

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U.S. Treasury Pauses Enforcement of the Corporate Transparency Act

By | Published August 6, 2025 | Posted in Business Law | Tagged Tags: , , | Leave a comment

In a move that affects millions of U.S. businesses, the Treasury Department has announced that it is suspending enforcement of the Corporate Transparency Act (CTA) for domestic entities. This decision provides immediate relief to businesses that were facing looming deadlines and potential penalties for non-compliance. The CTA, enacted to combat financial crimes like money laundering Read More

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How an LLC Can Use Equity Compensation to Promote Its Business

By | Published May 28, 2025 | Posted in Business Law | Leave a comment

Equity compensation is a form of non-cash pay that includes ownership interests in a company. It is commonly used to attract, retain, and motivate key employees and service providers, especially in startups and growing businesses where cash flow might be limited. Equity compensation in a limited liability company (LLC) differs significantly from that in a Read More

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Why Your Business Website Needs a Privacy Policy and Terms of Use

By | Published May 21, 2025 | Posted in Business Law | Leave a comment

In the modern digital age, where information is as valuable as currency, any company doing business on the internet need to have a prominent privacy policy and terms of use. These online documents transparently communicate how customers’ data is handled and set the ground rules for the use of the website or app. A privacy 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.

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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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