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A Business Buyer’s Choice: Asset Sale or Stock Sale?

By | Published May 14, 2025 | Posted in Business Law | Leave a comment

When businesses change hands, the structure of the transaction has significantly implications for both the buyer and the seller. The two most common transactions are asset sales and stock sales. Each type has distinct characteristics, advantages, and considerations. An asset sale — also known as a bulk sale — involves the purchase of individual properties Read More

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The Benefits of Forming Your Arizona Business as an LLC

By | Published May 7, 2025 | Posted in Business Formation | Tagged Tags: , , | Leave a comment

A limited liability company (LLC) is an ownership structure that may be thought of as a hybrid of a corporation and a partnership. It combines the legal protections of a corporation with the flexibility and tax advantages of running a closely held business. An Arizona LLC can provide numerous benefits for small business owners, who Read More

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What to Know About Registering Your Trademark With the USPTO

By | Published April 30, 2025 | Posted in Business Law | Tagged Tags: , , | Leave a comment

Trademarks are vital for businesses and individuals looking to protect their brand identity. A trademark can be a word, phrase, symbol or design that distinguishes the source of goods or services. Protecting a trademark generally requires registering it with the US Patent and Trademark Office (USPTO). But prior to diving into the registration process, there Read More

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Effective Use of Nondisclosure Agreements in Selling a Business

By | Published April 23, 2025 | Posted in Business Law | Tagged Tags: , , | Leave a comment

A nondisclosure agreement can play a vital role in the process of sale of a business. An NDA is a legally binding contract that establishes a confidential relationship between the seller and buyer, providing that any proprietary or sensitive information revealed during negotiations remains protected. Without an NDA, there is a risk this information could Read More

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Using the Universal Licensing Recognition Law to Set Up Shop in Arizona

By | Published April 16, 2025 | Posted in Business Law | Tagged Tags: , , | Leave a comment

Arizona’s Universal Licensing Recognition Law offers a streamlined process for out-of-state businesses looking to establish a presence in the Grand Canyon State. This law allows individuals who hold valid professional licenses from other states to leverage their out-of-state training to obtain a similar license in Arizona. As a result, an out-of-state business can immediately staff Read More

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What Employer Actions Can Create Implied Employment Contracts?

By | Published April 9, 2025 | Posted in Employment Law | Tagged Tags: , , | Leave a comment

In Arizona, as in many states, the principle of “at-will” employment allows employers and employees to terminate their working relationship at any time and for any reason, or for no reason at all. However, despite this seemingly straightforward doctrine, courts in some instances will recognize implied contracts of employment. These contracts, though not explicitly stated, Read More

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Complying With the Corporate Transparency Act in Buying a Business

By | Published April 2, 2025 | Posted in Business Law | Tagged Tags: , , | Leave a comment

The Corporate Transparency Act (CTA), which took effect in 2024, represents a significant shift in the regulatory landscape for businesses in the United States. Its primary aim is to curb illicit activities by enhancing the transparency of business ownership. The requires beneficial owners of certain U.S. and foreign entities to file identifying information with the Read More

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Essential Elements of a Business Succession Plan

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

For businesses that are family-owned or held by a small group of individuals, losing a principal member due to retirement, disability or death can be a critical juncture. A succession plan is vital to promoting the enterprise’s continued sustainability. It is a set of procedures designed to allow the business to go forward with operations Read More

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How to Make Your Contract’s Limitation of Liability Clause Enforceable

By | Published March 19, 2025 | Posted in Contract Disputes | Tagged Tags: , , | Leave a comment

When you’re drafting a business contract, one of the smartest tools at your disposal is a limitation of liability clause. This provision can help you cap your financial exposure by setting limits on your damages exposure in case things don’t go as planned. The ultimate goal is controlling risk and keeping potential losses predictable. These Read More

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Developing a Comprehensive Plan for Protecting Intellectual Property

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

For many businesses, intellectual property (IP) is a significant asset. Whether a patent for an innovative product, a trademark for a recognized brand or a copyright for original content, safeguarding IP assets is vital to maintaining competitiveness and promoting long-term success. A well-devised IP protection strategy helps prevent unauthorized use, reinforces brand identity and fosters 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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