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Federal Court Blocks FTC Final Rule on Non-Compete Clauses
This blog revisits a blog post published by The Law Group of Northwest Arkansas on July 11, 2024. Earlier this year, the Federal Trade Commission (FTC) voted to finalize a new rule to prohibit employers from enforcing non-compete agreements against…
Your Options for Settling Disputes with Business Partners
Disputes between business partners can disrupt operations and tarnish relationships. Whether it’s a difference in vision, financial concerns, or operational roadblocks, these conflicts can threaten the very foundation of your company. When these rifts arise, you must address them quickly…
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…
FTC Final Rule on Non-Compete Clauses
On April 23, 2024, the Federal Trade Commission (FTC) voted to finalize a new rule to prohibit employers from enforcing non-compete agreements against workers. The Commission’s Final Rule determined that non-compete agreements are an unfair method of competition and therefore…
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…
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…
How to Choose the Right Structure for Your Arkansas Business
Deciding to start a business in Arkansas can be an exciting and rewarding venture. You will have to make many decisions throughout the process, but one of the most important is selecting the proper business structure. Arkansas business owners have…
The Corporate Transparency Act
Companies across the United States should be aware of the Corporate Transparency Act (CTA), a new requirement stemming from the Anti-Money Laundering Act (AMLA) of 2020, aimed at allowing Congress to create measures to help combat money laundering in the…
CFPB’s Final Rule to Implement Section 1071 of the Dodd-Frank Act: How it Could Change Small Business Lending and Reporting
Enforcement of the Final Rule to implement Section 1071 of the Dodd-Frank Act by the Consumer Financial Protection Bureau (“CFPB”) is dependent on the outcome of a case currently pending before the United States Supreme Court (“SCOTUS”). If SCOTUS reverses…
Five New Acts Arkansas Businesses Should be Aware of in 2023
In an ever-changing business landscape, it is critical that business owners and entrepreneurs stay in the know about new legislation that could impact the way businesses are run throughout the state. The Arkansas General Assembly has passed five acts that…