Blog: Business - Page 3

You probably signed one without reading it. An arbitration clause in Georgia can decide where a dispute goes, who hears it, and whether you can appeal. Still, few owners learn this until a conflict arrives. Below, we explain when Georgia’s code excludes these clauses, which law controls, and what you trade away by agreeing. When …

Georgia business owners face a critical choice when they form a corporation: file the articles of incorporation in Georgia correctly, or risk costly mistakes that follow the company for years. Many entrepreneurs turn to generic online “corporate kits” for templates. However, these one-size-fits-all packets rarely account for Georgia’s specific filing rules or your company’s unique …

You formed an LLC to protect your house. Most of the time, it works. Still, piercing the corporate veil in Georgia remains possible, and the owners who lose that protection rarely saw it coming. Below, we explain what a claimant must prove, what Georgia courts examine, and why the risk builds long before anyone sues. …

An LLC is a rather unique type of business entity that combines different aspects of both a partnership and a corporation. Although its structure provides added flexibility while it’s being run, it can pose a few extra challenges once you decide to close it down. In fact, even the terms used for breaking apart and ending …

A “proxy” is the power a corporate shareholder gives to someone (usually acting as an agent) to handle the shareholder’s voting rights. In some instances, the individual helping the shareholder is simply referred to as “the proxy.” However, it’s more common to just say that s/he is the “proxy holder.”      In order to let someone …

Various small paperwork errors sometimes derail attempts to establish valid corporations. For this reason, there are various terms used to indicate when a corporate charter is in good standing, or perhaps at least partially defective. While referencing these sometimes minor formation issues, it’s important to also note that some states refer to the document creating a …

Business Partnership Dissolution: What Owners Should Know You and your co-founders drafted what felt like an airtight operating agreement. Even so, no document anticipates every conflict that a business partnership dissolution eventually produces. Most breakups surface at least one partner who tries to profit unfairly at everyone else’s expense. Dividing assets and deciding which clients …

The corporate landscape has frequently been scarred by the remains of companies that made poor choices involving mergers and acquisitions.  After separate, disastrous mergers, both Daimler Benz and New York Central Railroad failed to survive.  Yet others like Mattel not only manage to survive an ill-advised merger, they can often be found still conducting business …

If you’ve met a half dozen or more people who work for “Deloitte” (the private UK company more formerly known as Deloitte Touché Tohmatsu Limited – DTTL), you know something about the major diversity often present in their daily projects and goals. According to the British publication “The 50 Best Businesses,” Deloitte professionals “provide audit, consulting, financial …

Identity theft is only funny when cleverly parodied in Hollywood movies. In real life, you can quickly see your debt load climb and your credit scores plummet once someone has “successfully” stolen one or more of your credit cards and started using them.Apart from having to spend long hours on the phone reporting this identity …

Although some workers become fatalistic after hearing layoff rumors, others just get busy — looking for ways to make sure their bosses see them as irreplaceable. After all, no one wants to let an employee go, even temporarily, if that person tends to accomplish more in one day than most others achieve in two. Furthermore, …

Hardly a week goes by without major headlines telling us that one large American corporation is thinking about buying another one. This desire to grow and gain more capital is just a part of a company’s desire to wield more power in the marketplace. Yet knowing how to properly handle a merger is critical since …