Business Law

Bankruptcy, Business Law

What Happens If Your Business Files for Bankruptcy

If your business has racked up so much debt that you’re thinking about making the difficult decision to file for bankruptcy, don’t hesitate to consult with an experienced business lawyer first.  A lawyer can properly advise you about what happens when you file for bankruptcy, so that you know exactly what you’re getting into. Once you’ve talked to your lawyer

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Bankruptcy, Business Law

Legal Options When You Can’t Pay Your Business Debts

If your business has been struggling and you simply can’t pay your debts, it’s time to take stock and consider your options. But what’s the first thing you should do? Consult with a business attorney. If you continue on the path you are on without making any changes, things are likely to become untenable, and your business may never recover.

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Business Law

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 liability can bankrupt you.  I

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Business Law

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 business owners use limited liability

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Business Law

How a Business Attorney Can Help Your Struggling Business

If your business has been struggling and you simply can’t pay your debts, it’s time to take stock and consider your options. What’s the first thing you should do? Consult with a business attorney. If you continue on the path you are on without making any changes, things are likely to become untenable, and your business may never recover. A

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Business Law

How to Beat a Credit Card Lawsuit

Note: This blog has two purposes: I want you to give you interesting content that I have curated, digested, and then written about in a way that is engaging and understandable. My goal is both that you would be entertained and become more interested in the law. I want you to hire my firm to help you with your legal

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Business Law

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 Act by hiring independent contractors

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Business Law

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 structure of single-member LLCs is

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Business Law, Estate Planning, Probate & Estate Administration

Do you know how to sign your name?

When signing a document on behalf of someone else or an entity, make sure you sign in that capacity – As an Agent.  The list is not an exhaustive list of roles agents can hold , but these examples can help you sign in any agency capacity. How to sign as an Attorney-in-fact Your loved ones go through the steps

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Business Law

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 future success of the business.

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