What You Need to Know About Open Enrollment in 2020

Did you know that Medicare Open Enrollment is now upon us? Open enrollment started on October 15 and goes until December 7. It can be an important time to reflect on your health care needs for the coming year and to see if your current Medicare coverage selections...

Here Is Why Leaving Money To A Charity Can Benefit Your Estate

Have you thought about the many reasons to give to charity? Honoring a loved one, advancing a worthy cause, and a genuine interest in helping others may be just a few of the motivations that help make the world a better place.Charitable giving, however, can also come...

Creating a Trust for a Child with Substance Abuse Issues

September is “National Alcohol & Drug Addiction Recovery Month,” a national observance to raise awareness and educate Americans about mental and substance abuse disorders that inflict over 20 million Americans.  Over 6 million of those with substance abuse...

Talking to Your Kids on World Alzheimer’s Day

On September 21, we celebrate World Alzheimer’s Day to raise awareness of the impact of Alzheimer’s Disease and other forms of dementia on loved ones afflicted and on family members and friends impacted by their diagnoses. Have you heard that Alzheimer’s disease has...

When Siblings Cannot Agree on What to Do With an Aging Parent

Have you and your siblings developed seemingly insurmountable communication issues? Problems among siblings can be difficult in the best of times, but can be exceptionally problematic when they need to work together on what should be done about an aging parent. While...
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Business Formation, Succession Planning And Contracts

If you are looking for a sensible results-oriented business lawyer in central Arkansas, you have come to the right place. Our attorneys appreciate your interest. Read on to get an idea about what Rippy, Stepps & Associates can do for you as you prepare to start or expand a business.

Reliable Business Formation Services For Central Arkansas Entrepreneurs

The heart of the American economy is the entrepreneur and the small business model. At Rippy, Stepps & Associates, we assist our clients in understanding, from start to finish, everything that is involved in creating and running their own business. We regularly advise and assist our clients with the following matters:

  • Forming and understanding the differences, benefits and disadvantages of LLCs, S-corporations, C-corporations, partnerships, sole proprietorships and nonprofit corporations
  • Business buy-sell agreements
  • Compensations planning
  • Tax concerns
  • Mergers and acquisitions of existing businesses
  • Other general corporate matters

Business Succession Planning

After spending a working lifetime on creating and developing a business, it can be overwhelming having to decide what to do with business assets when retirement is sneaking around the corner. One of the most rewarding areas of law to practice is helping clients transfer family-owned businesses to children, grandchildren or long-time faithful employees.

Set up a consultation today to discuss whether one of the following business succession options is right for your situation:

  • Family limited partnerships
  • Merger with existing similar business
  • Lump-sum purchase or long-term payout
  • Income and estate tax consequences

Business And Commercial Contracts

Whether a contract is between stakeholders within a business or between a business and customers, suppliers or landlords, sound legal counsel is vital when:

  • Drafting contracts
  • Negotiating contracts
  • Formalizing contracts
  • Enforcing contracts

Rippy, Stepps & Associates can help with all aspects of contractual transactions. Call 501-428-9139 to schedule a consultation with our business law attorneys.