You and your business partner made a gallant effort of it for a few years. Your small business shined for a while, and even received a write-up in the local alternative weekly. However, profit margins have fluctuated during the time of the COVID-19 pandemic. Even...
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Small Business
Important components of a valid business contract
Business contracts form the basis of most business relationships and outline the agreement between the parties and the rights and obligations of the parties to one another. Because business dealings can sometimes result in a contract dispute, it is helpful for...
The traits needed in an effective business partner
As an entrepreneur, you have a clear vision regarding the focus of your business. You have come this far, but now you face additional challenges. For example, your company’s success requires a broad expansion that includes needed financial backing. Or you realize that...
Understanding the importance of a registered agent for an LLC
When creating and maintaining a small business in Georgia, there are many factors that should be considered. The details can sometimes get lost with the frenzy of activity and multiple responsibilities that come to the forefront, but the basics are critical to the...
Creating a winning business partnership
Residents of Atlanta, Georgia, and the surrounding area who are thinking of a small business will want to find out more partnerships. Although sole proprietorship is very common, a partnership with the right individual can lead to rewards, both professionally and...
Legal information for new small businesses
Residents of Georgia may be interested in forming a small business and want to know more about the process. There is information from the government regarding what is needed and what it means to form an LLC or Limited Liability Company. Each state has different...
Why it’s preferable to put agreements in writing
While some oral contracts may be valid in Georgia, it is often best to put agreements in writing. In some cases, an agreement cannot be enforced unless the terms of the deal are written down. For instance, a prenuptial agreement generally isn't valid unless the terms...
4 tips for keeping on track with your small business
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...
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...
