Professor Carol Goforth is a University Professor and the Clayton N. Little Professor of Law at the University of Arkansas School of Law. She is the former Associate Dean for Academic Affairs and a former Arkansas Bar Foundation Professor of Law.
Professor Goforth graduated at the top of her class at the School of Law in 1984. She practiced law for five years at a Tulsa, Okla., firm, specializing in corporate and commercial transactions. She then became a full-time professor of law at Seton Hall University School of Law in New Jersey, where she focused on business organizations, corporate finance, and securities regulation. In 1993, Professor Goforth joined the School of Law faculty. She has taught most business entity-oriented courses at the school, including advanced corporations, business organizations, business planning, corporate finance, and securities regulation.
She is the author of many published books and articles on a variety of subjects, including limited liability companies and partnerships, securities law, and the ethical duties of lawyers who practice in limited liability entities. In 1999, Professor Goforth was elected to the prestigious American Law Institute (ALI), which welcomes distinguished federal and state judges, lawyers, and law professors. She was an active member of the consultative group on the ALI's Restatement (Third) of Agency project. In 2005, she was added as an official observer to the National Conference of Commissioners on Uniform State Laws drafting committee on amendments to the Revised Uniform LLC Act. She also serves as the Arkansas Liaison to the Corporate Laws Committee of the Business Law Section of the American Bar Association.