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Entity Formation and Consultation

The form of legal entity selected for the operation of a business greatly impacts the daily operations of the business and the income tax consequences to both the business and its owners. In addition, such entities typically provide "asset protection" for the business owner. Our attorneys assist clients with this step of business formation by reviewing the goals and individual facts present in each situation to recommend the best entity available. We will advise business clients from the initial conference and entity decision-making, through document preparation and filing with appropriate authorities, to post-formation activities such as preparation and adoption of bylaws and director/shareholder resolutions. We emphasize the importance of including your accountant in this process as the accountant must address annual tax reporting issues after formation.

Some common business organization areas include:

  • Limited Partnership
  • General Partnership
  • Limited Liability Company
  • Corporations (and the different elections or options available under each)
  • Specialized entities for professionals (physicians, dentists, attorneys, accountants, architects, etc.)
  • Business Asset Purchase Agreement
  • Non-Compete Agreements
  • Business owner life and disability insurance planning
  • Employee compensation and benefits

Main Menu

  • Home
  • Services
    • Estate Planning
    • Business Planning
    • Employer-Sponsored Retirement Plans
    • Asset Protection Planning
    • Entity Formation and Consultation
    • Probate and Trust Administration
    • Charitable Organizations
    • Federal and State Tax Controversy
    • Charitable Planning
    • Purchase and Sale of Business
    • Real Estate Transaction
  • Attorneys
  • Resources
  • Affiliates
  • Employment
  • Contact

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Office Info

Little Rock

200 Louisiana Street
Little Rock, Arkansas 72201
Phone: (501) 376-8222
Toll Free: (800) 467-8297
Fax: (501) 376-7047
E-mail: info@hmflaw.net

Conway

557 Locust Avenue
Conway, Arkansas 72034
Phone: (501) 336-8822
Fax: (501) 336-8688
E-mail: info@hmflaw.net

Hot Springs Village

4501 N Highway 7, Ste. E
Hot Springs Village, Arkansas 71909
Phone (501) 984-6366
E-mail: info@hmflaw.net

Pine Bluff

123 West 2nd
Pine Bluff, Arkansas 71601
Phone: (870) 536-8222
E-mail: info@hmflaw.net

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