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...
Business Law
Starting an LLC in Georgia
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....
Sidestep these legal landmines if launching a Georgia startup
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...
Choosing the “best fit” structure for a new small business
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...
The benefits of survivorship deeds for business co-owners
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....
Is selling your business to employees a good exit strategy?
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...
How a business plan helps companies secure funds
While establishing a business plan for a company appears administrative in nature, it actually has an underlying value that could benefit the business in its initial formation and in the long run. Besides creating a clear vision of goals and strategies, a business...
Business succession plan basics
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...
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...