Many entrepreneurs have very little time to invest in learning the pros and cons of specific business structures when they first incorporate their company yet understand them as they interact with others in the corporate world. It’s not uncommon for business owners to...
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Business Formation
Why do so many small business partnerships fail?
Failure is probably the last thing on your mind when creating a business partnership. Yet, the majority of business partnerships do not last. When they go wrong, it can lead to bitter fallouts that can damage both parties. Successful businesses partnerships require...
The mechanics of a buy-sell agreement in Georgia
When two or more people decide to start their own business, they rarely pay much attention to the end of the business or to the choice of one or more owners to leave the business. Like a marital divorce, a small business divorce can be contentious and destructive of...
Choosing the right form for a small business
Many entrepreneurs in Georgia look forward to the day when they will be able to operate independently as the head of their own small business. Turning the dream into reality can, however, require some important decision making. This post is too short to review all of...
What to think about before signing a commercial lease
Companies in Georgia and throughout the United States might find that they need to lease a dedicated office or warehouse space to operate efficiently. However, there are many variables that organizations should consider before signing a lease agreement. These...
Forming an LLC in Georgia
Although Wyoming was the first state to allow the formation of a limited liability company, the benefits of this business structure are now available throughout the United States. The Atlanta area is a growing metropolitan area with many entrepreneurs and small...
When it may be wise to hire a business law attorney
Those who wish to start a business in Georgia or any other state may want to hire an attorney to help them do so. Individuals who go into business with a partner will likely need to create a partnership agreement or submit various documents to state and local...
Components of a legal contract
Individuals and companies in Georgia and other states may generally enter into written or verbal agreements with other parties. In many cases, contracts are bilateral in nature. This means that both parties have made some sort of promise to each other. For instance, a...
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...