Northern Georgia General Law Blog
Considerations when purchasing business premises
As a business owner, you may prefer to buy your own premises, rather than rent those belonging to someone else. It can give you much more freedom, and the property will likely also work as an investment, rather than a monthly drain on your resources. Before...
What you need to consider about your water rights in Georgia
When dealing with water or riparian rights in Georgia, you must understand the legal framework that governs these rights. According to riparian rights, landowners with property next to a body of water can use that water within reason. However, these rights come with...
What is the automatic stay in a personal bankruptcy?
Seeing collection notices in the mail and getting phone calls about debts you owe can be a stressful and disheartening experience. When you know you don’t have the money to pay, you may feel helpless and want to find a solution to this issue. One option that you may...
How can a family business be smoothly transitioned to heirs?
Passing down a family business is a significant milestone. A successful transition requires careful planning to ensure the heirs are prepared and the business remains stable. Here are key steps to consider for a smooth transition. Develop a clear succession plan...
Is it time to dissolve your partnership?
Many businesses start as a partnership. It provides diverse knowledge and additional financial resources. But what happens when partners no longer share the same vision? Why do partnerships dissolve? Sometimes, business partnerships dissolve because one partner is...
Filing for Chapter 13 bankruptcy as a business owner
If you own a business and your company and/or personal debts are no longer manageable, you may be wondering whether filing for Chapter 13 bankruptcy is a viable, strategic option. Chapter 13 bankruptcy is available only to individuals, not businesses. However, if you...
What are the benefits of starting a business as an LLC?
Entrepreneurs have several decisions to make when they’re starting a new company. One of these is what type of business structure to use. For a new small business, one option that’s present is a limited liability company (LLC). An LLC is a rather simple business...
Can you collect on a debt if someone declares bankruptcy?
The United States economy is built on one party providing a good or service to another party with the expectation of compensation. More expensive items may take a little longer to make full compensation. Business owners understand this and are sometimes willing to...
Can you liquidate a company and start again?
When facing financial challenges, business owners may consider liquidating their company. This approach involves complex legal and financial considerations. Understanding the nuances of liquidation and restarting a business can help you navigate this process. What...
Does bankruptcy actually stop foreclosure?
You miss a mortgage payment, and you start worrying about foreclosure. You mention to one of your friends that you are concerned that you may lose your home in the future. You know that the foreclosure process takes time, so you will not immediately lose your house...
