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The Basics of a Legally Enforceable Contract
Contracts can (and normally by design are) complex and confusing. In the most basic sense, a contract is a legally enforceable promise, but not every “promise” or “agreement” is a contract. However, when they are, there are common elements to…
Breach of Contract: What Business Owners Need to Know
Understanding exactly what a breach of contract involves is paramount for business owners. Contracts form the backbone of business operations, outlining obligations and expectations of the parties. When a breach occurs, it can disrupt your business, potentially causing significant financial…
5 Ways to Proactively Protect Your Business
It’s no secret that starting a business takes dedication, and there are lots of hoops to jump through before you can begin operations. Many new business owners, however, aren’t aware of the challenges and risks they could face until it’s…
6 Legal Considerations for Startups and Solopreneurs
There are several steps to starting a business in Arkansas with legal and compliance considerations being among the most important. Even a minor oversight can result in serious legal consequences that could jeopardize your business before it gets off the…
4th Circuit Rules on Credit Union Liability in Fraud Cases
On March 26, 2025, the United States Court of Appeals for the Fourth Circuit issued an opinion in Studco Building Systems, US v. 1st Advantage Federal Credit Union. The opinion stated that, under Article 4A of the Uniform Commercial Code,…
Starting a New Business in Arkansas
Starting a business is a lot like having a child. You’re there when it enters the world; you help it grow through the years, and taking care of it is one of the hardest things you will do. The early…
What to Do if Your Business Gets Sued in Arkansas
You are an Arkansas business owner and just got served with a lawsuit – now what? Lawsuits are a real possibility for all businesses, even if you do everything by the book: contracts are disputed, employees feel wrongfully terminated, and…
The Hidden Risks of Using a DIY Legal Service to Form Your Business
Starting a business can be an exciting time. You’ve got a brilliant idea, the “go get ‘em” attitude, and maybe have even picked out the perfect name. And now for the not so exciting part, the legal paperwork. Where do…
The Corporate Transparency Act Reinstated
This blog revisits a blog post published by The Law Group of Northwest Arkansas on February 22, 2024. The Corporate Transparency Act (CTA), which initially required non-exempt businesses to report their beneficial owners to the Financial Crimes Enforcement Network (FinCEN)…
What Business Owners Should Know about Intellectual Property
As a business owner, you’ve spent a lot of time and resources on the ideas, innovations, and branding that bring your business to life. These creative works are assets that deserve protection. In today’s competitive marketplace, safeguarding your intellectual property…