Is Your Nonprofit Considering Holding a Raffle? Think Twice.
Raffles can be a profitable and exciting fundraiser for nonprofits seeking to raise money for their cause. Raffles are considered games of chance, meaning participants pay money for a chance to win a prize. Games of chance can be considered lotteries and are heavily regulated in many states as a…
Has Arkansas Adopted the Model Uniform Trade Secrets Act?
February 13, 2024
by Devin R. Bates
Has Arkansas adopted the Model Uniform Trade Secrets Act? Yes, but with modifications. We refer to this as the Arkansas Uniform Trade Secrets Act (“AUTSA”) and it can be found at Ark. Code Ann. § 4-75-601, et seq. Some of the biggest differences between the AUTSA and the Model Uniform Trade Secrets…
Is Theft of Trade Secrets a Crime in Arkansas?
Is theft of trade secrets a crime in Arkansas? Yes. Under Arkansas Code Annotated Section 5-36-107, the Arkansas Penal Code establishes that theft of trade secrets is a Class A misdemeanor. The statute establishes that a person commits theft of a trade secret if, with intent to deprive the owner of…
What Laws Protect Trade Secrets in Arkansas?
Businesses are built through hard work and significant investment. One of the most significant investments, and thus greatest assets to a business, is the investment of time and resources in its people. Protecting that investment is often crucial to the brand and to the future of a business. When…
Business Owner Alert: Corporate Transparency Act Requires New Ownership Reporting in 2024 and Beyond
It has been many years in the making, but the effective date of the Corporate Transparency Act (the “CTA”) is finally here. The CTA, enacted in 2021, is designed to prevent money laundering and other unlawful activity through the use of business entities to conceal identities. As of January 1…