Business Formation

If you’re starting a small business, you’re going to face some challenges right out of the gate. Fortunately, you can plan for some of these things in advance and take proper steps to address them. This is why it’s so important to draft a business plan, – and a...

If you are considering teaming up with a friend or relative as business partners, it’s important to understand the potential downsides of this business structure before going ahead. It can help you avoid a lot of unexpected trouble, down the line. Sharing certain...

In many cases, a contract breach happens at a specific time. Maybe a parts supplier is supposed to make a delivery at noon on Friday. But when that time rolls around, they don’t show up for the shipment, costing your business a lot of money in lost productivity. An...

If you’re thinking about starting a business, you probably don’t even want to think about what would happen to cause that business to fail. However, it is important to consider why other businesses fail so that you can better safeguard your own company against such an...

Going into business with a family member is not uncommon. It offers different benefits, including that the parties involved already have an existing relationship, they understand each other's strengths and weaknesses and they get to spend more time together. So,...

If you’re starting a business partnership, it is important to have a partnership agreement in place first. This can help to define some key areas, such as the roles you and your business partner will have, how much money you earn, your ownership percentages, dispute...

A limited liability company (LLC) offers benefits like some protection from liability and flexible management. It is a popular option for many new business owners. However, it may not be the best choice for every situation or company. A critical early step when...

If you’re interested in forming a small business, it’s important to take the proper steps in advance. You need to know how to structure this business, what type of paperwork you’ll need to file, if you need a specific license or permit, and much more. But it’s about...

Entrepreneurs in Georgia have numerous options when they want to start a new business. They could form a partnership with someone they trust or a sole proprietorship that they want to run on their own. Other times, possibly because they worry about legal and financial...

You’ve spent time and money growing your business from the ground up, and now it’s successful and thriving. Now is the time to plan for your company’s continuity and lay the groundwork for its long-term success. An effective succession plan can help ensure your...