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Neal Bookspan

Jaburg Wilk

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What Are Fiduciary Duties Between Members In An Arizona LLC?

A few years I wrote an article named Are There Fiduciary Duties between Members in an Arizona LLC? At the time, there were no published decisions in Arizona on this issue. However, a bankruptcy judge had dismissed my...more

10/5/2016 - Appeals Breach of Duty Commercial Bankruptcy Fiduciary Duty Limited Liability Company (LLC) Operating Agreements

You must have substance because reputation matters in the long run

You might be able to baffle people with you know what initially, but it won't last if you are all flash and no substance. If you make a sale by saying the right things, but don't have the employees or equipment to correctly...more

9/29/2015 - Career Development Reputation Management

Are there fiduciary duties between members in an Arizona LLC??

In 1992, the Arizona legislature enacted the Arizona Limited Liability Company Act. Since that time the LLC has become the entity of choice for many individuals, businesses, partners and investors. While there obviously are...more

9/4/2013 - Articles of Incorporation Breach of Duty Fiduciary Duty Limited Liability Company (LLC)

Not All Customer Lists Are Trade Secrets

In a case decided this past April, the Arizona Court of Appeals found that whether a business's customer list is a trade secret requires a factual inquiry. Calisi v. Unified Financial Services, LLC, Case No. 1 CA-CV-0812. The...more

8/27/2013 - Customer Lists Trade Secrets

I Don’t Think We Are Going To Remain Friends: What Happens When Owners of Closely Held Companies are Deadlocked or in Dispute with...

You and a friend, family member, or even a spouse, decided to go into business together. At first, things were great because of the possibilities and the excitement that new challenges bring. You may have formed a...more


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