Should I have an attorney review my employment contract?

WH Law frequently reviews employment contracts for managers, doctors, and other professionals to ensure the contract is clear and to ensure that the contract actually provides protections. WH Law also drafts contracts for high-level employees and for small employers looking to provide contracts to their employees. In doing so, we draw on our experience litigating…

LLC: Outside and Inside Liability

In my last blog I discussed dreaded idea of being found liable for some injury or harm caused to another person.  Liability means your assets, or your company’s assets, are going to be used to make the harmed individual whole.  In other words, you are going to pay for the injury.  Broad exposure to unlimited…

Limited Liability Companies

Arkansas Limited Liability Companies Part 1 Have you ever been sued?  Have you ever feared you were going to be sued?  Have you thought about what you might do to protect your assets in the event of a lawsuit?  Being found liable is a dreaded event in most situations because it could bankrupt you. Smart…

Contractor or Employee? The IRS will decide.

More and more businesses are meeting their needs by hiring independent contractors.  Business owners benefit by avoiding the administrative hassles and the out-of pocket costs of payroll taxes and fringe benefits. The trend toward independent contractors will likely continue as business owners cope with the insurance mandate of President Obama’s Patient Protection and Affordable Care…

What is a LLC?

Liability shield of a LLC Like corporations, LLCs provide their owners—called “members”—with a strong statutory liability-shield that protects their personal assets from claims against their business.  Indeed, the LLC shield is arguably stronger than the corporate shield. Management structure of a LLC The default management structure of LLCs is much simpler than corporations.  The management…

Keeping the Family Business in the Family

If you own and operate a business, you need to have a plan for the future of the business in the event you become unwilling or unable to manage it yourself. The problem with most business owners is they are so busy running their business they do not take the time to plan for the…