When you're starting a business, one of the things you may worry about is failing. It's important that you know that failure is part of the process, but it's also possible to avoid serious issues by taking some steps to avoid them. As an entrepreneur, you need to know...
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Lerman Law Associates, P.C.
Is starting an LLC the right move for your new business?
Starting a new business is potentially a great way for you to increase your income and take an idea you have and turn it into something profitable. Unfortunately, new businesses come with a lot of risk as well as the potential for profit. You and the people who depend...
Business formation types that limit personal liability
As someone looking to establish your own business, you would be wise to figure out where your liabilities are so that you can determine how to best protect yourself and your personal assets. Some entrepreneurs mistakenly believe that they face few risks with regard to...
The basics of intellectual property
The concept of intellectual property has risen to prominence in recent years, in part due to advances in technology. Georgia State heavily values the intellectual property community, as evidenced by its recent announcement of a collaboration between Georgia State...
What to include in a buy-sell agreement
The best defense against business disputes is having strong legal documents in place. One of these you need for your business is a buy-sell agreement, which outlines what happens to an owner's share in the event that something happens to the owner, whether that is...
What does “fair use” mean?
Whether you are actively involved in the intellectual property business or your closest association with a copyright involves creating a logo and slogan for your company, you have most likely been involved with copyright law to some degree. Therefore, you...
Errors that new businesses make when trying to save money
One of the priorities for many new businesses is finding ways to run lean. After all, capital is probably low, and income and profits have yet to come in. However, a focus on saving money can lead to mistakes that prove costly. Look at the following errors and see if...
Which type of business entity should an entrepreneur choose?
As a Georgia entrepreneur, you constantly see business opportunities that others fail to see. Consequently, you come up with great new business ideas that no one else would think of. But while entrepreneurship is a marvelous character trait, you also need to have good...
What small business owners should know about verbal contracts
As a small business owner, you may understand the importance of a clear, concise and fair contract. In fact, you use contracts for nearly every business transaction, from hiring new employees to making sales and purchases. However, like most Georgia residents, you are...
What mistakes businesses make when crowdfunding
Perhaps you own a new pizza parlor, nightclub, tech company or something else entirely. You have done your homework, for example, selecting the right business entity and negotiating contracts to your advantage. Like many businesses, though, you still need...