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Full-Text Articles in Business
Heads Up! Arkansas Has A New Llc Act, Carol Goforth
Heads Up! Arkansas Has A New Llc Act, Carol Goforth
Arkansas Law Notes
This past legislative session Senate Bill 601, sponsored by Senator Jonathan Dismang, was enacted into law, becoming Ark. Act 1041 on April 30, 2021. This act repeals the old LLC Act and adopts the Uniform Limited Liability Company Act (“ULLCA”), with minimal changes from the uniform language. This short piece points out some basic information about the Arkansas ULLCA and some of the major changes in Arkansas law applicable to LLCs. While lawyers will obviously need to consult the new statute when actual issues arise, this article should at least provide a “heads up” notice to practitioners with LLCs or …
Choosing And Using A Co-Packer, Pamela L. Brady, Steve Seideman, Justin R. Morris
Choosing And Using A Co-Packer, Pamela L. Brady, Steve Seideman, Justin R. Morris
Research Reports and Research Bulletins
Co-packing, also known as contract packaging, is when a company contracts with another company to manufacture and package foods that the original company will sell. Products on the market that have been co-packed range from nationally known brands to those sold under private labels. The use of co-packers has become extremely popular with entrepreneurs who have a product idea but lack the $100,000 or more needed to set up a manufacturing facility to produce the product. In addition, many entrepreneurs starting a foods business find that, in today’s market conditions, greater profits are achieved through sales and marketing innovations than …