Northern Georgia General Law Blog
Is it too soon to file for bankruptcy again?
Bankruptcy is a process that helps people relieve their debts. After someone's debts are successfully resolved, they can accumulate new debt obligations. If these new debt obligations become too much, bankruptcy can be filed again. However, debtors will likely need...
Why Atlanta was named the best U.S. city for starting a business
Atlanta is known for being the home of large corporations like Coca-Cola and Delta Airlines. In a recently released study by the residential real estate site Home Bay, Atlanta came out on top as the best place to start a business. That’s up from the number five spot...
How to choose the right executor of your estate
It can be difficult to think about what happen after you pass, including what will happen with the distribution of your personal property. It is not easy to consider your own mortality and make decisions that may not come into effect until years or even decades later,...
4 strategies for effective debt recovery
Recovering owed monies from debtors can be a daunting task, as creditors are often taken round in circles by elusive or uncooperative debtors who may employ various delaying tactics or avoidance strategies. If not handled effectively, debtors can prolong the debt...
Factors to consider downsizing your business
As a business owner, you may have to make difficult decisions in the best interests of the company. One of these decisions may be to downsize the business. Downsizing isn’t straightforward and there are several things that you will need to think about. Outlined below...
Are you liable for your business’s debts?
One thing that can sometimes hold business owners back from taking risks is that they do not want to risk their personal assets. A business owner may be considering taking out a loan to expand their company, but they’re worried that the business may not pan out. If it...
Silence is golden: The art of business trade secret protection
Do you believe your business has no secrets to protect? Many entrepreneurs think the same thing, but you probably have more trade secrets than you realize. From unique formulas to customer lists, valuable intellectual assets qualify as trade secrets, even those that...
Your business deserves an official partnership agreement
If you and another individual are starting a business, you may find it tempting to skip any official steps. The two of you may just start working together, even designing your branding and coming up with the business name, but without any paperwork in place. It feels...
Understanding the ins and outs of Chapter 11 bankruptcy
Many successful Georgia businesses have had periods of time where they had to battle through rough stretches financially. In some cases, these issues came about due to macroeconomic conditions, while in others, they were the result of something company-specific....
3 qualities your business partner should have
Business partnerships can be very successful, but they can also fail dramatically. It’s quite important for the right business partners to work together. If the partners are not a good fit, it can cause their business to fall apart. If you’re thinking of starting a...