Category Archives: Legal

Joint Venture Agreement

If you are considering a joint venture with another company, make sure you have a signed agreement in place that spells out the product, service or other outcomes desired and how the joint venture will be managed. Your agreement will … Continue reading

Posted in Entrepreneurship, Legal, Legal Forms | Leave a comment

Statutory Close Corporations in Georgia

Certain licensed individuals or groups can elect to practice as a professional corporation. My personal business is organized in the State of Georgia this way. The specific rule in Georgia is O.C.G.A. § 14-7-1. Please note that I am not licensed … Continue reading

Posted in Legal, Tax | Tagged | Comments Off on Statutory Close Corporations in Georgia

Advantages and Disadvantages of a Limited Liability Company

What entity structure do you choose? A lot of the time a Limited Liability Company is a good fit, but make sure you know and trust your partners. Below are some advantages and disadvantages. Advantages A limited liability company can have … Continue reading

Posted in Legal, Tax | Tagged , | Comments Off on Advantages and Disadvantages of a Limited Liability Company

Husband and Wife LLC Operating Agreement

If you share a business with your husband or wife, you should have a written agreement to protect your interests. OPERATING AGREEMENT Date: Parties: The parties to this agreement (the “members”), who are husband and wife, are entering into this … Continue reading

Posted in Legal, Legal Forms | Tagged | Comments Off on Husband and Wife LLC Operating Agreement

Partnership Agreement

Are you creating a new partnership?  If so, protect yourself and assign responsibilities, create a partnership agreement. PARTNERSHIP AGREEMENT DATE: PARTIES: AGREEMENTS: SECTION 1. FORMATION OF PARTNERSHIP 1.1 Formation. The Partners hereby agree to form a Partnership pursuant to the … Continue reading

Posted in Legal, Legal Forms | Tagged | Comments Off on Partnership Agreement

Business Structures

There are several ways to structure your new or existing business.  Some are easy, others have tax and liability advantages. Here are the basics: Sole Proprietor This is a business owned and operated by one person. A sole proprietorship is … Continue reading

Posted in Legal, Tax | Tagged , , , , | Comments Off on Business Structures