Blog - Page 107

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 …