Helping Your Business Succeed
– Attorney for Business Litigation, Incorporation, and Other Business Services
Whether your business is about to celebrate its 50th anniversary or you’re starting a new company, you need a knowledgeable attorney to advise you. Bearden Law Group will guide you through the complexities of business law and make sure you’re operating within your industry’s legal parameters. Attorney Mike Bearden has advised local businesses for over four decades and can help with everything from entity formation to wrongful discrimination suits. You’ll feel much more confident operating with experienced counsel by your side!
Protect Your Growing Business
Approximately 1 in 3 businesses in Arkansas will face some type of lawsuit at some point 1 in 3 of those lawsuits will be a result of former employees bringing suit over wrongful termination, discrimination, or other unfair employment practices. Employment suits can drag on for years, and the average cost to defend them is around $125,000, while the median judgment for cases lost at trial is $200,000 (1 in 4 cases exceeding $500,000). The first step business owners should take is securing ample insurance coverage, but with deductibles averaging $35,000, that’s still a lot to pay out of pocket for what is sometimes an innocent mistake.
The best defense against expensive business litigation is prevention. Simple preventative measures such as having written hiring procedures, an up-to-date employee handbook, detailed personnel records, and proper training for employees on workplace discrimination and harassment are essential to minimizing risk and protecting your business. Bearden Law Group can help advise you on specific ways to minimize your liability, so you can stay focused on growing your business.
Business Law Services
Business entity formations including incorporations, LLCs, and partnerships
Contract writing and contract review
Commercial purchase agreements
Permits and applications at the city, county, and state levels
Employee benefit plans and best hiring practices
Intellectual property disputes
Defense against wrongful termination suits
Defense against employment discrimination suits
Contract disputes and business torts
Business purchases and business sales
The Bearden Law Group understands that business legal advice is important right from the start. If you are just starting a business, or you want to grow an existing business beyond a sole proprietorship, the Bearden Law Group will assist you in creating a business entity tailored to fit your needs. The legal nature of your business entity has a large impact on future tax liability, so you need to choose carefully. Our team takes the time to help business owners determine the most appropriate structure, whether that is a sole proprietor, limited liability company, partnership, C-corporation, S-corporation, or something else.
We can also help with Benton County business law issues such as navigating local zoning ordinances, filing for sales and use permits, or applying for a liquor license. In times of change, business owners rely on our extensive local experience to streamline the process.
One of the costliest mistakes any business can make is writing up their own contract. This is second only to not having any contract at all. The days of business being conducted with a promise and a handshake are long gone. Today, companies rely on contracts to define the terms of their agreements with suppliers, partners, and clients. It’s important that you understand the terms of the agreements you enter into and to make sure that all of the provisions of your contracts are enforceable. Poorly written contracts will weaken the foundations of your business, and in extreme circumstances could even lead to its collapse.
Do You Need a Business Attorney?
Do you know if your contract is enforceable? Can you understand and interpret contract provisions? Do you understand the basics of Arkansas business law, contract law, and how to avoid typical contract mistakes? If, like most people, you hate reading through the legal jargon used in a contract and find it difficult to keep track of the “party of the first part” or “party of the second part,” then you should seek the counsel of an experienced business contract attorney. Our job at Bearden Law Group is to protect the interests of you and your company with properly written contracts and clearly understood agreements.
Limited Liability Company (LLC) Lawyers
One of the most difficult parts of being an entrepreneur or business owner is making the decision to go from a sole proprietor or partnership into a formal Limited Liability Company (also known as an LLC). Ensuring that your company is following all applicable laws and regulations can be a daunting and overwhelming task; sometimes it can demand so much of your attention that you lose sight of the business itself. Despite these difficulties, properly establishing and running an LLC can protect your business. When done properly it also transfers a substantial amount of risk from the business owner to the business entity itself.
When making the decision to switch to an LLC, inevitably the question of hiring an LLC lawyer comes up. Some business owners make the decision to create an LLC without the assistance of LLC lawyers. While it is possible to do so, hiring an LLC lawyer who is experienced in Bentonville business law is one of the single most important investments you can make for your business.
We are happy to evaluate your business goals and legal needs during a confidential, no-cost, no-obligation appointment. Mike Bearden has over 40 years of professional legal experience serving businesses and business owners in Arkansas. Please schedule an appointment by placing a call to our firm or following the link below and filling out the contact form. From our law office in Bentonville, we serve clients throughout Benton County in Northwest Arkansas.