The lawyers at McDaniel Wolff understand that the commercial world can be fast-paced and perilous for a company that is unprepared to meet the many legal dangers in the marketplace. Businesses located in Arkansas and throughout the country face an ever-changing and increasingly complex legal environment that requires significant experience and continuous planning to navigate. What we can do and what we do well, is take care of complicated legal matters so you can focus on your operations and profitability.
We regularly assist entrepreneurs with business formations within Arkansas and beyond. One of your first and most important decisions in starting a new business is choosing the right business structure. Each type of entity imparts specific benefits and potential liabilities on a company and its owners. For example, a corporation may shield its owners from personal liability, but it could be subjected to double taxation. A general partnership may avoid double taxation, but its owners could become personally liable for the debts of the business. Other business forms may offer the best of both worlds by providing an alternative range of protections and requirements.
Our business attorneys will review your goals and consider matters such as taxation, personal liability, ownership transferability, management hierarchy and overall operations before advising you on the business structure that best suits your needs. We then take the steps necessary to register the appropriate entity with the Arkansas Secretary of State, register the business with the IRS and other applicable tax authorities, and draft organizational documents that will govern the company’s ownership and protect you from inter-company disputes.
We regularly assist clients with business formations using entities that include:
After formation, our business law attorneys will be proud to continue to serve as outside general counsel to your company throughout its lifetime. By maintaining a close attorney-client relationship with you from the formation stage and onward, our attorneys will be well-positioned to provide prompt and cost-efficient business law counseling enabling your business to grow and thrive in a competitive marketplace.
We are dedicated to the formation and protection of Arkansas businesses, and our lawyers will work tirelessly to secure the results that you desire. Whether you are seeking to create a new business or to expand the horizons of your current company, our team has the experience, dedication and skill to solve your legal issues.
The team of business attorneys at McDaniel Wolff play key roles in helping our clients implement their business strategies and achieve their goals in a wide array of areas. The full-service nature of our firm enables our business attorneys to consult with our colleagues in other practice areas and handle a wide array of corporate governance, finance, M&A, regulatory compliance, and other general business law matters for clients across most industries.
We routinely assist businesses with the following and much more:
No matter where your business takes you, the business attorneys at McDaniel Wolff can help with your legal needs. We counsel boards of directors, management, and equity holders on the entire array of issues that confront companies on a day-to-day basis. We’ll tell you what the law requires, where the legal hazards exist, and make the law work for you.
Our tax practice uniquely positions us to provide clients with premier corporate and business law services with a focus on income tax planning. By adding value through complementary practice areas, our team takes a proactive approach, helping clients develop preventive measures to limit their income tax liability and implement strategies to benefit from available tax credits.
Our team of corporate lawyers have advanced degrees in taxation and regularly advise clients on tax efficient strategies beginning at the business formation stage, all the way to planning for the sale of a business or family succession, and everything in between. We help clients avoid tax pitfalls, as well as assist in the efficient structuring of transactions to avoid overpayment of tax obligations. Our focus is always on adding value for our clients by making income tax considerations a top priority.
Our group of business attorneys advise directors, boards, and senior executives on the full range of corporate governance matters that confront companies and their leadership — from board structuring and succession planning, to shareholder activism, securities regulation and everything in between.
We regularly assist boards with:
Drawing on our experience as seasoned counselors, we keep clients abreast of evolving trends and best practices to stay ahead of compliance issues. When crises do arise, we call on our bench of experienced business litigators to guide clients through the storm and reach a safe landing.