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Arkansas Business Law Firm in Springdale

Northwest Arkansas Business Law

Set Yourself Up for Business Success

Business Law

Your Business Can’t Afford the Wrong Business Law Attorney

  • Running a business out of your back pocket exposes your assets to business mistakes
  • Mistakes in your business organization can expose your personal and business assets to tragic loss
  • Without an agreement, state law determines the rules for your company

Protect Your Personal Assets

A proper business plan and setup helps to protect your personal assets in case of lawsuits against the business.

Protect Your Business

The wrong business structure can limit the growth of your business.

Rest Easy & Stop Worrying

Your business plan will give you peace of mind and confidence that you’ve done all you can to protect you and your business.

We Get it…Business Law and Proper Business Setup Seems Hard and We’re Here to Guide You to Success

Guide to Success
Gary DeWitt Attorney At Law

 Business Law Planning One Step at a Time

At DeWitt law we understand what’s it like to setup a business because we are a business..

We offer professional, knowledgeable business planning.

You’ll be surprised at how easy this can be. We guide you through the process with our unique, easy to follow, one step at a time system. We do the hard part.

For most of our work, we’ll give you the price up front for your peace of mind. From time to time we do hourly work, but that is the exception, not the norm

John Krueger
May 4, 2023.
Gary is excellent. I highly recommend him to anyone.
William Smith
April 3, 2023.
Heard radio ad several years ago for DeWitt firm. Recently decided wisdom of setting up a trust for our estate. DeWitt has been most helpful, thorough and fee is very reasonable. We highly recommend.
Robert Shipe
March 30, 2023.
Gary was very easy to work with and walked me through the probate process. I live out of state and was able to handle everything remotely. Excellent communication and quickly answered any questions I had. Highly recommend!
Bill Durham
March 16, 2023.
Great people! Very experienced with constant communication. I highly recommend the DeWitt Law Firm.
Nannie 6
February 9, 2023.
The DeWitt firm helped us through this difficult time of dealing with the probate process of our deceased son's estate. We appreciate his thoroughness and effiecency during this time....communication and helping to guide us through this has been key. We appreciate Gary in his expertise of all of our legal affairs.
Arkansas Fitness Network
February 7, 2023.
I am extremely pleased with my experience working with DeWitt Law Firm during a difficult time. The team, led by Gary DeWitt, was by my side before and after the passing of family members. They took special care in ensuring that not only was our estate protected, but our family was made comfortable while living. Their professionalism, compassion, and expertise made the process seamless and stress-free. Gary and his team went above and beyond to make sure our family was taken care of during a challenging time. They were knowledgeable, responsive, and always available to answer any questions we had. The peace of mind that comes with having a solid estate plan in place is priceless, and I will be eternally grateful for the support DeWitt Law Firm provided us. I highly recommend DeWitt Law Firm to anyone in need of estate planning services. Whether you're just starting to think about estate planning or you're ready to update your current plan, Gary and his team are here to help. They truly care about their clients and their families, and I couldn't be happier with my experience working with them. Danny White
Martha Carson
January 24, 2023.
They are the BEST !!!!
Carl Wilmsen
January 24, 2023.
Over the years, we have engaged attorneys to help navigate the legal process for various reasons. In the last three years, we have had to engage estate attorneys in two different states to assist with probate matters. Not being from Arkansas, we didn't know of any attorneys and were given a referral to Gary DeWitt. Wow! What a different experience for us. Gary is punctual, friendly, responsive, family-oriented, kind-hearted, and very knowledgeable. We are forever grateful for the referral to his law firm. From our view, when we have a legal question, we want answers as soon as possible, but most attorneys get to you when they can. Gary, however, makes you feel as if you are the only client he has - although we know this not to be the case. He truly does respond quickly to questions and goes - in my mind - above and beyond. It was over the holidays when I needed a letter to move things along with an insurance company. Gary was out of the office, but still replied and was able to assist us with the letter. No, I didn't really expect him to meet my timeline, but we were certainly grateful he went above expectations to get this letter to us! If you have any doubts about engaging Gary's firm, please don't. You will be happy working with him! Go meet with him. You will see for yourself he was made from a unique mold. I have not experienced an attorney like him in all my years! This is not a paid review. Just a review to motivate others like me to pick a good attorney!
The Best Wills and Trusts Attorney

The Best Wills and Trusts Attorney

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The Best Elder Law

Business Law

Types of Business Entities: Which One is Right for You?

 Starting a business involves many decisions, one of which is choosing the right business entity. There are several types of business entities to choose from, each with its own legal and tax implications. In this article, we will explore the different types of business entities, their advantages and disadvantages, and help you determine which one is right for your business.

Sole Proprietorship

A sole proprietorship is the simplest form of business entity. It is a business owned and operated by one person who is personally liable for all the business’s debts and obligations. A sole proprietorship is not a separate legal entity, and the owner reports business income and losses on their personal tax return. This type of business entity is easy to set up, has low startup costs, and provides the owner with complete control over the business.

Partnership

A partnership is a business owned and operated by two or more people who share the profits and losses of the business. There are two types of partnerships: general partnership and limited partnership. In a general partnership, each partner is personally liable for the business’s debts and obligations. In a limited partnership, there are two types of partners: general partners and limited partners. General partners have unlimited liability, while limited partners have limited liability and are not involved in the day-to-day operations of the business.

Limited Liability Company (LLC)

A limited liability company (LLC) is a hybrid business entity that combines the flexibility of a partnership with the liability protection of a corporation. In an LLC, the owners are called members and are not personally liable for the business’s debts and obligations. LLCs are easy to set up and have fewer formalities than a corporation. They also offer tax flexibility, as the profits and losses can be passed through to the members’ personal tax returns.

Corporation

A corporation is a separate legal entity that is owned by shareholders. A corporation can issue stock to raise capital and is subject to more regulations and formalities than other types of business entities. There are two types of corporations: C corporations and S corporations. C corporations are taxed as separate entities, and the shareholders are taxed on dividends received. S corporations, on the other hand, are not taxed as separate entities, and the profits and losses are passed through to the shareholders’ personal tax returns.

Cooperative

A cooperative is a business owned and operated by its members, who share the profits and decision-making. The members of a cooperative can be individuals, businesses, or organizations. The purpose of a cooperative is to provide goods and services to its members at a lower cost than they would otherwise pay in the marketplace. Cooperatives can be structured as corporations or LLCs.

Nonprofit

A nonprofit is a business entity that is organized for a charitable, educational, or other public purpose. Nonprofits do not have shareholders, and any profits are reinvested in the organization. Nonprofits can be structured as corporations or LLCs.

Conclusion

Choosing the right business entity is an important decision that can have significant legal and tax implications. Sole proprietorships and partnerships are the simplest and least expensive to set up, but they also leave the owners personally liable for the business’s debts and obligations. LLCs and corporations offer more liability protection but require more formalities and can be more expensive to set up. Cooperatives and nonprofits are structured differently from traditional business entities and have their own unique advantages and disadvantages. Consulting with a lawyer or tax professional can help you determine which business entity is right for your business.

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Business Law Attorney Springdale, Fayetteville, Bentonville, Bella Vista, Rogers and all of Northwest Arkansas.