Many business owners choose to create a limited liability company (LLC) because of the advantages it offers. With an LLC, the members are protected from personal responsibility for the business’s debts and other liabilities. A business operating agreement is a useful...
Business Law
Choosing a business structure
When an entrepreneur starts a business, they may not know which type of business structure to choose. There are four main structures, called a sole proprietorship, a partnership, a limited liability company and a corporation. Sole proprietorship and partnership A sole...
What Georgia entrepreneurs should know about estate planning
Estate planning involves making important life decisions, but what if you're an entrepreneur? How might your business or businesses affect your estate planning strategy? If you are an entrepreneur, here is what you need to know. Understand the importance of estate...
5 considerations for your retail store’s lease
If you're a business owner, leasing space for your retail business is likely an important concern. It's imperative to make sure the potential retail store lease you're thinking of signing in Georgia has terms that are beneficial to you. With that in mind, here are...
What are the benefits and drawbacks of a sole proprietorship?
In Georgia, it can be exciting to start a business. The prospect of working for oneself gives a certain level of freedom. However, it is not without its risks. Whether the person is selling a product, providing services or is serving as a go-between for others, there...
Dissolving a business in Georgia
When a business owner first opens a business, dissolving the business may be the last thing on their minds. However, many business owners end up having to make the difficult decision to shut down their business due to financial difficulties or personal matters....
Understanding severance agreements
When a business offers a severance agreement to an employee who is leaving the organization, it may outline the financial terms for his or her departure and also address insurance benefits, job assistance and other items. Businesses may offer severance agreements to...
Why having a business plan is so important
Many Cummings area residents have a dream of starting their own business. Being a business owner is an experience that can be life changing. But before a person jumps into a business venture it is important to spend time creating a business plan. It can a risky...
What should be included in an operating agreement?
When setting up a business, it is important for business owners to set up an operating agreement and to know how to do that. An operating agreement is a document that outlines how financial and functional decisions for the business will be made including the rules,...
Invoking force majeure during a difficult economy
In 2020, the United States saw an economic dip, downturns in GDP and job losses not seen in generations. Businesses in Georgia and across the country continue to suffer, whether it is brick-and-mortar retail stores and restaurants or the service, sports, entertainment...