Northern Georgia General Law Blog

Two legal mistakes every startup needs to avoid

With the right vision and products, a startup can turn into a massive business empire (like Apple, for example). However, a lot of startups make serious legal mistakes that put their future in jeopardy (just like Apple did, for example).

By looking at what has happened to others in the past, it becomes clear that startups are prone to a couple of specific mistakes:

What should I consider when selling property with mineral rights?

If a piece of land has mineral rights, the value can increase drastically because the land has so much more value than what it on its surface. However, determining the value of the property and dealing with legal issues can become complex.

This is why landowners who also have mineral rights need to take the time to understand laws relating to real estate and mineral rights. This can create disputes between the buyer and the seller.

Which is the best bankruptcy chapter for me?

When you are struggling with debts, it is important to realize that you need to take action in one way or another because otherwise your financial situation is simply not going to improve otherwise. One option that you may be considering in bankruptcy. However, many debtors feel overwhelmed with the different filing options that they have, and a paralyzed by the choices available to them.

It is important to reflect on your situation and conduct adequate research before taking action to file for bankruptcy. By doing so, it is likely that you will feel emotionally committed and ready to positively change your life.

Do you own the rights to things you create?

In business, as well as in your personal life, you likely have new concepts. Whether you record your own music, write a book or choreograph a dance routine, you might want to protect your work.

Protecting your intellectual property may seem complex. However, the United States Copyright Office lists examples of original works you can copyright. This includes musical, artistic, dramatic and literary works such as:

  • Computer software
  • Books
  • Movies
  • Songs
  • Poems

What can I do if someone steals my intellectual property?

There are many types of intellectual property, and if you have created something that is unique, for example, a poem, a photo or a painting, you are automatically protected under copyright law. In addition, it is possible for organizations to protect their exclusive use of singular words, symbols and phrases by establishing a trademark.

If you believe that your intellectual property has been infringed upon by another person or business, it is important that you take this very seriously. You should first take the time to understand the ways in which the law protects you.

Removing an automatic stay as a creditor

If you have a business and you are owed money by a debtor, you will want to know the best options that you have to retrieve this money successfully. Suffering non-payment can have disastrous effects on the cash flow and the overall health of a business. Therefore, it is important that you do what you can in order to address the situation.

If your debtor has filed for bankruptcy recently, it is likely that they will be subject to an automatic stay. This means that as a creditor you will not be legally able to take action against them for the debts that they owe you during this time.

Will I be able to afford repayments if I file for bankruptcy?

If you are struggling with debt that feels uncontrollable, it can be difficult to see the light at the end of the tunnel. Feeling hopeless about your financial situation can lead you to become numb, opting to carry on spending regardless, rather than sitting down to create a plan of action. This attitude can only go on for a certain amount of time before you will be forced to face consequences.

You may be looking into the option of filing for bankruptcy if your debts seem impossible to pay back. Bankruptcy offers many advantages to debtors, including the possibility of having some debts written off. However, it also requires determination and willpower. Many debtors worry that filing for bankruptcy will lead to unmanageable repayment obligations, and as a result, are cautious about filing.

Understanding drilling rights as a Georgia landowner

Many people assume that if they own a particular piece of land or property in the state of Georgia, this means that they automatically have the right to anything that lies underneath the soil. However, this is simply not the case. In the United States, a clear distinction between mineral rights and surface rights is made.

While surface rights allow you to build and own property on the land, mineral rights give you the ability to extract and sell any asset that exists underground on the property. These assets might include oil, coal or natural gas. These "split estates" of mineral rights and surface rights originally existed to encourage people to move west.

Planning your estate as a small business

If you own a small business in the state of Georgia, it is likely that you will want your loved ones to benefit from your legacy in the future. Making sure that your business will live beyond your lifetime can be an exciting and fulfilling prospect. However, the road to making this a possibility can involve a significant amount of paperwork and planning.

There are many things that you will need to take into account when planning your estate as the owner of a business. These issues can become much more complex if the business is owned by multiple people. You will also want to ensure that your estate plan is tax efficient.

Intellectual property law for Georgia songwriters

If you work in the entertainment industry, it is likely that you are tasked with creating content, whether this is through the medium of writing, directing or the creation of sound. This creation will be unique to you and will be your source of income. However, ideas and artistic creations are relatively intangible compared to a physical commercial object.

This intangibility of creative content can mean that writers, directors and artists can be vulnerable to intellectual property theft. Intellectual property law works to protect creators, inventors and companies from having valuable intellectual property stolen by competitors.

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