What is an Arkansas Series LLC?
In 2019, the Arkansas legislature adopted Arkansas’ Uniform Protected Series Act (the “UPSA”) which is codified at Ark. Code Ann. §4-41-10.
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Business Taxation. When establishing a new business or growing an existing business, determining the method by which your Arkansas LLC will be taxed can be one of the most important decisions affecting your bottom line.
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Under Arkansas law, a contract may be voided for fraudulent misrepresentation . Fraudulent misrepresentation involves deliberately misrepresenting goods or services to facilitate a sale, constituting fraud. Arkansas courts treat this as a serious offense because it leads individuals to enter into contracts based upon false information, often causing significant financial loss.
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In any litigation matter in Arkansas, the first step is always to determine the facts and circumstances surrounding the issues in order to determine the parties pertinent to the suit, proper venue and jurisdiction, the causes of action and defenses that may be available, statutes of limitations, and potential damages.
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