Selling a company can be a complex and overwhelming process, especially in Atlanta, Georgia, where the laws and regulations can be challenging to navigate. To ensure that the sale of your company goes smoothly, it’s essential to have a comprehensive checklist to follow. This post will outline the key steps that you need to take to sell your company…
Operating agreements are a crucial part of running a limited liability company (LLC) in Georgia. Without one, your business could be at risk in a number of ways. Here are five risks to consider if you don’t have an operating agreement in place for your LLC: Lack of structure: Operating agreements outline the roles and responsibilities of each member,…
Before you form a business, you will need to select the structure. The type of business entity you select will determine many things about your company, including: How it is run The relationship between the owners Your tax status Your potential liability Some people may begin their business as a sole proprietorship because it is easy. An attorney would…
2023 may be the year that you decide to go ahead with your ambition and goal of launching a business. Here are some things to consider first. First, you must have a sound business plan in place. Starting a business involves financial risk on your part. You must have the infrastructure that will set you up for success. Before…
Businesses may often require employees to sign non-disclosure agreements as a condition of employment. Companies have an interest in protecting things such as trade secrets and the internal workings of the business. NDAs are valid and enforceable contracts, but courts may not enforce them if they overreach. A dispute over an NDA often arises after a person is accused…
A corporate merger is when one company buys another in exchange for cash or stock. The target company ceases to exist as a separate entity, and the two companies become one merged business concern. In other words, there is a change in the management of the target company. A merger will begin when one company approaches the other about…
There are numerous situations that would require you to value a business, including: Selling a stake in your business to investors Executing a buy/sell agreement A merger and acquisition with another company Divorce litigation Buying out a partner Valuing a business is an uncertain science that requires precision. The valuation has real-life consequences, so it would need to be…
Startup businesses will always have legal issues that need to be addressed. When you are forming a business, not only must you form an infrastructure, but there are also other issues that may arise. Here are just some of the legal matters that a startup business would need to address: Choosing the form of incorporation and drafting the necessary…
Age is a protected class at work. Federal law prohibits discrimination at work against workers aged 40 or over on the basis of their age. Age discrimination can cover a broad range of actions. If you have been the victim of age discrimination, you may be able to file a legal claim against the employer. The prime examples of…
In a sole proprietorship, you are the business, and the business is you. The main drawback of this arrangement is that you could end up personally liable when something goes wrong with the business. Companies benefit from a corporate veil. If you have a limited liability corporation, the extent of your liability is the business assets. If you have…
