Cabot Assignment

Introduction and Market Region Information
I surveyed three businesses in the city of Cabot located in Arkansas. I chose Cabot because it has an active business community that continues to have a growing economy with a large trade area that surrounds it. With 25,587 people, Cabot is the 19th most populated city in the state of Arkansas out of 541 cities. It is only a 29-minute drive from Little Rock and the median resident age is 35 with a medium household income of $61,305.
The first business I surveyed is a Limited Liability Company (LLC) that specializes in pest control. The owners are referred to as members and consist of a wife and husband team. They are protected from personal liability for business decisions or actions of the LCC, however, they are not exempt from wrongful acts, including those of their employees. Pest control companies in Arkansas must adhere to rules and regulations of the Arkansas Pest Control Law Act 488 of 1975.
The other two surveys were completed by sole proprietors of a daycare and a Christian book and gift store. The daycares organizational structure is in the scheduling of activities, staffing and
This law mainly regulates collection companies, however, if a business is acting as a collection agency themselves, they too must follow these regulations. Arkansas Statute 17-24-101, states that “a “collection agency” means any person, partnership, corporation, association, limited liability corporation, or firm which engages in the collection of delinquent accounts, bills, or other forms of indebtedness owed…” (“Arkansas Code,” 2010) From 1977 to 2010, the FDCPA was enforced by the Federal Trade Commission (FTC), however, the Dodd-Frank Act of 2010 moved this enforcement to the Consumer Financial Protection Bureau (CFPB), giving it power to issue rules and regulations. Beginning January 2013, the CFPB started overseeing debt