Business Law

Business law includes the creation of new enterprises and the issues that arise as these enterprises interact with the public, other companies and the government. Our firm helps businesses with contracts, real estate issues, commercial transactions and business entity creation. Thurman & Flanagin focus primarily on small level business planning.

The attorneys at Thurman & Flanagin help clients with every aspect of business law including:

Entity Formations

Most smaller businesses choose to operate within a recognized business entity. Some common business entities include:

C Corporation
S Corporation
Professional Corporation
Limited Liability Company (LLC)
Limited Partnership
Family Limited Partnership

Using a recognized business entity minimizes your personal liability and gains you workplace autonomy as well as business credibility. This can also ease the burden of taxation and asset protection. Selecting the business entity that is right for your company is a major step and this action should be well thought out as well as discussed with legal professionals.

LLC Formations

Forming an LLC can be a complicated process without the help of a legal professional. Consulting a business attorney is imperative to receiving the maximum liability shield, tax benefits, and business efficiencies for your company. The benefits of operating a business through an LLC include minimizing personal liability, some anonymity, greater asset protection, and business credibility.

Non-compete Agreements

Thurman & Flanagin will represent both individual employees or companies in non-compete law. A non-compete agreement is a contract between an employee and an employer in which the employee agrees to not enter into markets or professions considered to be in direct competition with the employer. These legal contracts prevent employees from competing with the employer during or after employment.

Partnership Agreements

A detailed ownership agreement for a corporation, partnership, or limited liability will help clear up ownership expectations. The most common agreements are corporation shareholder agreements, limited liability company member agreements, and partnership agreements. Having legal ownership agreements lowers the risk of ownership disputes and keeps a clear structure for how the company operates.

Buying or Selling a Business

Make sure that you are making the right move both legally and financially when buying or selling a business. This is a document-intensive process where our legal professionals will help guide you through every detail. You can rest assured that your business will get the protection it deserves. The experienced lawyers at Thurman & Flanagin will help assist buyers and sellers of businesses in developing checklists and contracts to cover common issues in these transactions.

Business Litigation

We provide services in commercial and business litigation matters in NWA. Our clients are equipped with a strategic plan and our guidance to help them achieve their goals in the litigation process. Thurman & Flanagin legal professionals advise clients in business litigation, including issues involving contracts, disputes, liabilities, partnerships, and shareholders.

Do you need legal help in Northwest Arkansas or North Central Arkansas? The attorneys at Thurman and Flanagin are ready to help you today. Call (479) 253-1234 or click the link below to schedule a free case evaluation.

Attorneys Wade Williams and Stevin Williams are committed to help you and your business in the litigation process.