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Successful businesses don’t always start that way. Some ventures fail and some falter. Reviving a struggling business is something that many entrepreneurs thrive on, and failing businesses can turn around. Nonetheless, this approach comes with risks and rewards. It’s...
When functioning correctly, a business partnership can be an advantageous arrangement. However, the partnership only works if each partner takes their duties seriously. Business partners are what is known as fiduciaries. In essence, this means that they must act with...
You’ve decided that you’re going into business, but you’re not going to do it alone. You have a business partner. Maybe you intentionally began looking for a partner to start the company, or maybe someone that you know from another area in your life just wanted to...
Anticipatory breach of contract occurs when a signatory to a contract indicates that they either cannot or will not fulfill their contractual obligations before the agreement’s due date for performance. This scenario can pose significant challenges for businesses who...
When starting a new business in Georgia, a critical early decision you will face is choosing a legal structure. Two popular options are corporations and limited liability companies (LLCs), but how do you decide? A look at some vital differences between the two can...
A business partnership can be a very positive dynamic for a company. Each partner can utilize their strengths and compensate for any weaknesses. With that being said, a business partnership needs to be maintained, and disputes can arise. A partnership dispute can...
Companies selling goods often rely on vendors, particularly when dealing with high volumes. This can be a beneficial relationship for all parties, with vendors selling their goods in high volumes to businesses that mark the goods up for a profit. All business...
Georgia law allows you to seek a number of remedies if you are the victim of a breach of contract. Typically, these remedies involve money being transferred to you from the defendant. However, it's also possible that the other party to the contract will be required to...
A seasonal business in Georgia can potentially turn into a lucrative endeavor. However, if your business operates year-round, you’ll need a way to continue to generate revenue during the off-season. What is a seasonal business? A seasonal business caters to a specific...
The meaning of the word commercial has various definitions. You should also note that it has various applications under the terms of Georgia state law. The term is usually employed to refer to commerce and other types of general business activity. However, certain...