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LLC Operating Agreements 101: Don’t Use a Standard Online Template

By | Published January 14, 2026 | Posted in Business Law | Tagged Tags: , , | Leave a comment

In the age of instant access, online “standard template” LLC operating agreements lure new business owners with vaunted speed, simplicity and low cost. But this convenience is an illusion. Limited liability companies are adaptable to the specific needs of their owners. No two LLCs are exactly alike. Relying on a generic template assumes facts and Read More

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Force Majeure in the Modern Era: What Is an “Unforeseeable Event”?

By | Published January 7, 2026 | Posted in Business Law | Tagged Tags: , , | Leave a comment

The “force majeure” clause has long lingered in the shadows of business contracts, being viewed as routine legal boilerplate. But in the face of disruptions like the Red Sea shipping crisis and the sweeping 2020 lockdowns and business failures, these paragraphs have leapt to center stage. In an era some have called “permacrisis” — a Read More

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Is Your Business Sale-Ready? A Pre-Due-Diligence Checklist

By | Published December 31, 2025 | Posted in Business Law | Tagged Tags: , , | Leave a comment

Most business owners focus on valuation only when they think about selling. But in practice, deals fall apart not because of price, but because of what buyers uncover during due diligence. Surprises slow negotiations, reduce leverage and can even kill a transaction. Preparing early — ideally 12 to 24 months before going to market — Read More

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What You Should Know About Arizona’s Commercial Court

By | Published December 24, 2025 | Posted in Business Law | Tagged Tags: , , | Leave a comment

Several U.S. states have established specialized business courts to resolve complex commercial disputes efficiently and cost-effectively. In Arizona, the state’s business court is a dedicated division of the Maricopa County Superior Court in Phoenix. The Commercial Court is designed to handle high-stakes disputes between businesses. It is staffed by three judges with backgrounds in commercial Read More

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Core Terms That Should Be in Every Franchise Agreement

By | Published December 17, 2025 | Posted in Franchise Agreement | Tagged Tags: , , , | Leave a comment

A franchise agreement is a legally binding contract between a franchisor (the owner of a brand and its operating system) and a franchisee (an independent business owner). It governs the use of the franchisor’s intellectual property, business methods, and support systems by the franchisee, in exchange for payments such as franchise fees and ongoing royalties.  Read More

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Hybrid Work Compliance: What Employers Need to Know in 2026

By | Published December 10, 2025 | Posted in Employment Law | Tagged Tags: , , , | Leave a comment

In just five years, hybrid work has transitioned from a temporary pandemic remedy to an enduring feature of employment. As organizations embrace remote and onsite work combinations, regulatory frameworks are evolving to address the new dynamics. Compliance has become central to risk management and employee relations, and employers’ failure to adapt can have serious consequences. Read More

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Why a Business Seller Should Have a Lawyer Review the Letter of Intent

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

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

By | Published November 26, 2025 | Posted in Business Law | Tagged Tags: , , | Leave a comment

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

By | Published November 19, 2025 | Posted in Business Law | Tagged Tags: , , | Leave a comment

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

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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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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