Tag Archives: Fiduciary Duty

March 2012, Arizona Attorney – Fiduciary Duties in an Arizona LLC

The March 2012 Arizona Attorney contains a detailed article and analysis regarding the current status of fiduciary duties in Arizona LLCs.  The comprehensive article, authored by attorneys serving on a committee developing proposed changes for the Arizona LLC Act, can … Continue reading

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Fiduciary Duties and Creditors?

Difficult economic times frequently generate unanticipated questions and challenges for a corporation and its creditors.  One unanticipated question may include if or when fiduciary duties should be extended to a corporation’s creditors. While it is well-recognized that officers and directors … Continue reading

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Can I Challenge Poor Decisions Made by my Business’ Management?

The Business Judgment Rule – a rule all business owners / shareholders should consider before challenging decisions made by a business’ management. Generally speaking, decisions made by a business’ management (officers / directors;  member / managers) are protected from outside … Continue reading

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Fiduciary Duties in an LLC, do They Exist in Arizona?

The short answer is, it depends.  In Arizona, at the time of writing this post, fiduciary duties are not implied as a matter of law between members and/or managers and the LLC.  However, fiduciary duties may nonetheless exist if the … Continue reading

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Fiduciary Duties

The Who, What, When, Where, and Why of Fiduciary Duties in Small Businesses and Corporations. A Brief Introduction to a Broad, Complex, and Ever-Changing Duty. What is a fiduciary duty? A fiduciary duty is often regarded as the highest duty … Continue reading

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