One way that businesses used to protect their intellectual property and trade secrets was through noncompete agreements. Employees who signed these agreements were prohibited from leaving the company to start their own business or join a direct competitor. This way,...
Leasing a commercial property is often a challenging process due to the variety of lease types, detailed agreements, the need for negotiation and other important factors. Even more concerning is the fact there are so many potential pitfalls along the way. Even so,...
Business partnerships provide a multitude of benefits for everyone involved. Although they require sharing the profits, responsibilities and expenses are also divided. In an ideal partnership, each person brings unique skills and expertise to grow the business....
As a business owner, your priority is to deliver quality goods and services to your clients. In return for this, you receive fair payment. This is how it should work in theory at least. Unfortunately, the reality can be different. Some customers may refuse to pay,...
If you’ve paid any attention at all to the issue, you probably knew it was coming – but it’s now official: Non-compete agreements are effectively dead. Even though business groups hope to overturn the new rule by the U.S. Federal Trade Commission, business owners need...
A sole proprietorship is the simplest form of business, and gives the owner the greatest flexibility. However, this form of business gives the owner no protection from the debts of the company. The owner is personally liable for the company's taxes and other debts....
Entrepreneurial spirit burns bright in Georgia, but forming a new startup demands vigilance against legal landmines. While the thrill of innovation beckons, overlooking these potential pitfalls can turn your dream into a costly nightmare. Here are three risks to...
Selecting a company formation structure that is the “right fit” for a business owner’s particular vision is a foundational decision for any new enterprise. Whatever structure is chosen will result in far-reaching implications for its operation, financial health and...
Launching a small business is more achievable in the modern business landscape, thanks to technological progress. Capital requirements are not excessive, and a collective of friends, even if they are not relatives, can collaborate to embark on this exciting journey....
There could be several reasons prompting a small business owner to step back and transition out of their company. When this time comes, business owners need a careful evaluation of how they want to transition their company. One option that stands out is the prospect...
