Estate planning can involve creating a will or trust, but it also can include making a business succession plan. This plan identifies and prepares for the transfer of ownership and control of a business to a new owner. It can help the current business owner ensure...
Business Law
Three advantages to incorporating your business
Your business is attracting public interest and the interest of investors. If so, it might be time to consider incorporation. There are benefits to incorporating your business that make this business structure an attractive option to many. What is a corporation? A...
What to include in a partnership agreement
When two or more people start a business, it is important to develop an understanding about how the business will operate. Ideally, partners should sign a written partnership agreement that covers key decisions regarding the formation and operation of the business. A...
Business success strategies for the new year
Georgia business owners know that running a business is full of challenges, especially in today’s economy. Having a profitable business requires hard work, good planning and creative strategies. As a business owner, the following tips can help you have a successful...
Georgia businesses should pay attention to all of their contracts
Forsyth County and the surrounding areas of Northern Georgia are home for many successful small to mid-sized businesses. The area is also a fertile ground for developing new businesses that, when all goes well, will eventually serve to profit the owners and their...
The essential elements of a buy-sell agreement in Georgia
One of the most traumatic moments for a small business is the unexpected departure of an owner. A departure can take many forms, from an intractable shareholder dispute to the death of an owner. Without competent advance planning, these events can ruin an otherwise...
Agent’s rights via power of attorney for a solely owned business
In Georgia, people frequently associate a power of attorney as part of an estate plan. Another use for a power of attorney is in a business context. A business owner who is worried about what might happen to their solely owned business if they are incapacitated or...
Drafting an enforceable noncompete agreement in Georgia
Many Georgia businesses want to require their employees to sign a noncompete agreement. They also want to make certain that a noncompete agreement is enforceable. The law governing the enforceability of noncompete agreements in Georgia has changed several times in the...
Three key commercial lease provisions to pay attention to
If you want your business to succeed, then you need a business space that suits your needs. That sounds easy enough, but locating the right space and negotiating an appropriate commercial lease can be more challenging than you expect. As a result, many businesses are...
Don’t let a bad business structure decision derail your future
As you’re working to get your business up and running, you have a lot of decisions to make. Amongst them is choosing the business structure that’s right for you. Although that may seem like a minor decision to make, the fact of the matter is that the business...