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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…
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…
Business Succession Plans: What Are They?
One of The Law Group’s most enjoyable services to provide our clients is setting up a business for them, whether it’s an LLC, a corporation, or a partnership. We help our clients create a new business so that they can…
Mediation vs. Trial
Mediation and trial are two processes available for resolving a pending lawsuit. In certain situations, mediation may be available as an option to resolve a dispute before a lawsuit is filed. More commonly, mediation is an alternative to continuing on…
Ready to Start Your Small Business? Here’s What You Should Know.
You have a big idea for a new business, but what comes next? Taking the leap to start a new business can be daunting, and there are several important steps to take and decisions to make that can impact your…
Should I Certify My Minority or Women Owned Business?
Historically, minorities and women have faced challenges when it comes to starting up and operating small businesses. From economic barriers like lack of startup funding to insufficient opportunities for skill development to limited access to business networks and accessing national…