A breach of contract can be a serious legal issue that leaves one party suffering a loss. The injured party may expect the breach to occur once the contract expires and not before. However, not all contract breaches affect Georgia residents in this way. Sometimes,...
Business Law
Tips for resolving business disputes
If you have business partners, there is a good chance that you won't agree on everything with those individuals. While many disagreements can be resolved with good communication and a willingness to compromise, serious issues may take more to resolve. In some cases,...
Should I consider adding an arbitration clause to my contract?
Many contracts these days include an arbitration clause. Perhaps you have seen the term arbitration used in service contracts with mobile phone companies and other businesses. They are common for a variety of reasons. What is an arbitration clause? An arbitration...
Why is due diligence important in an acquisition?
A smaller competitor decides to retire and approaches you about acquiring their Georgia company. This move would increase your market share and bring in customers in an additional niche. Due diligence will enable you to discover whether this potential investment will...
Georgia LLC operating agreement
In Georgia, having an operating agreement is not a prerequisite when starting an LLC. But it is one of the most important documents a company can have. Understanding an LLC operating agreement An LLC operating agreement is a legally binding contract between the...
Tips for growing your business in Georgia
Starting and running a business is not easy. When it comes to expanding it, things can be even more difficult. There are so many things to think about – from the initial planning stages to day-to-day operations. If you want your business to grow there are certain...
Resolving business disputes out of court
Resolving business disputes can be a tedious matter when one party is seriously interested in filing a lawsuit. Lawsuits in Georgia are typically fought out in a public forum that many business managers would rather avoid, including the plaintiffs claiming wrongdoing...
How to deal with business partner disputes in Georgia
Entering into a business partnership can be very beneficial for all parties involved. However, it is common for those who work closely to have disputes over operating and maintaining their business' finances. If you are starting a partnership to launch a new business...
What type of business entity will fit your business model
One of the first decisions any business operator must make is determining the type of business entity they need for their company. Some companies are owned solely by one individual or a married couple, while others are partnerships of some form. Each business entity...
How to transfer ownership of a family business
There may come a time when you're no longer interested in being an active part of the family business. For instance, you may be interested in retiring, starting a new business or getting out of a company that is losing money. Take a look at a few strategies that you...