Turning Challenges Into Solutions
For many start-ups, the initial hurdle is financial. A prospective business owner has an idea that they believe in. They may even have certain intellectual property, like a patent on an invention, that they can build the business around. However, they still need...
Business owners are sometimes risk-averse if they are worried about the long-term financial ramifications. But the business world is naturally going to contain some amount of risk, and owners need a way to take on financial obligations, such as business loans, when...
As an entrepreneur considering a partnership, it’s vital to choose the right partner. Since they will have co-ownership of the business, they will directly impact the company’s decisions, culture, daily operations, profits, losses and so on. Therefore, you want to...
Passing your business onto your children can be rewarding as a parent and an entrepreneur. The work you put into building a company and raising capable kids is finally paying off. However, it takes careful planning and communicating with your family to do it properly....
If you’re like many Georgia residents who own their own family businesses, you likely have a plan for the business to continue even after you have shuffled off this mortal coil. But also like many entrepreneurs who are contemplating their estate plans, you may have...
When forming a small or family business in Atlanta, Georgia, your entity choice affects taxes, liability and even succession. The structure you choose can shape how profits flow to you, how creditors reach business assets and how easily you can transfer ownership....
While business litigation does often involve outside entities, such as subcontractors or other business owners, there are also cases where business partners get into disputes with one another. If they cannot resolve these internal struggles on their own, this could...
Starting a limited liability company (LLC) is a smart move when a person’s side hustle takes off or when they intend to start a standalone company. Instead of risking direct personal exposure by establishing a sole proprietorship, the entrepreneur creates a layer of...
Businesses often enter into agreements with each other. These agreements are typically part of a contract that includes information about both parties and the terms they have to comply with throughout the deal. Many contracts conclude without any issues, but there are...
Disagreements between business partners are almost inevitable. You and your partner may have differing opinions, or misunderstandings may arise at some point in your partnership. Nonetheless, you can set systems that help you avoid disputes or guide you during a...