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Atlanta Business & Commercial Law Blog

Remember these 6 steps when dissolving your business

Many business owners will face the day when it is time to shut down their business. Whatever the reason, eventually the time may come when your company must cease operations and be dissolved.

The legal complexities of dissolution can vary from case to case— after all, no business is exactly the same. There are a few main steps, however, that every business owner will have to take. Here are six key steps to remember when it comes to dissolving your business:

Understanding S corporations

Running a small business requires making countless decisions - many of which can drastically impact your success. One of the most critical involves choosing the right business entity. LLCs, LLPs, C corps, S corps... How do you make sense of this alphabet soup? And how do you go about making the right choice?

As with most business decisions, the answer is that it depends. It's important to seek professional legal guidance so you can weigh your options in an informed manner.

One option that's frequently misunderstood is the S corporation. For many small businesses, this entity offers the right combination of advantages and opportunities.

3 tips for business owners on how to avoid litigation

Owning and operating a small business is hard work. The months or years of toil you put into the business could all be at risk if a dispute goes haywire.

Going to court can be costly. No matter how successful your business is currently, litigation can quickly jeopardize your financial stability.

For this reason, it's important to prioritize maintaining good relationships with employees and entering into agreements with care. Below are some tips you can follow to avoid a business lawsuit and keep things running smoothly.

2 things to consider about franchise contract negotiations

Franchises are one of many opportunities people in the Atlanta area can use to start their own businesses. If you are thinking about purchasing a franchise, try to not focus on the potential profits and what you plan to do with them. Just like any kind of business arrangement, a little preparation and negotiation can help to protect your interests and improve your chances of success. 

Most franchise contracts benefit the franchisor, which can prove problematic for first-time franchise operators. Negotiations give you the chance to make the deals more beneficial for your situation and minimize the risks you take on. While some franchisors may not be open to negotiation, you lose nothing in trying. Here is some advice to consider about franchise contract negotiations

Three ways to capitalize on your intellectual property

Intellectual property is no longer just for the tech industry. Indeed, intellectual property has become a crucial cornerstone for businesses in different industries all around the world.

An entrepreneur’s intellectual property can be a great tool for innovation, advancement and profit. Still, intellectual property can be completely useless if it is not put to good use. That’s why entrepreneurs would be wise to know the best ways to capitalize on their intellectual property. Take a look at three of the most effective ways to use intellectual property rights to your advantage:

Seven ways to know if entrepreneurship is right for you

Forming a business may sound enticing, but it isn't for everyone. When starting a small business, there is one important aspect that you should consider before anything else: Yourself. You, as the potential manager and owner of a business, will play an integral part in whether your startup fails or succeeds.

Being an entrepreneur is never easy. Before forming your business, take the step of deciding whether you have what it takes to be an entrepreneur. In this post, we'll take a look at some factors that could help you decide whether being an entrepreneur is right for you.

How and when to sell your business

It can be a particularly difficult decision to sell a business. Business owners put significant amounts of time, money and effort into creating their companies. When the time comes to sell, the process can be daunting.

The decision to sell your business can be made much simpler when you know it’s the right time and you understand how to sell it. In this post, we’ll discuss when is the best time to sell a business and the process of selling it.

Choosing the best business partner is an essential step

Starting a new business, or bringing on a business partner as your company grows, is an exciting time full of unlimited potential as you look at the future. Creating the perfect partnership is a crucial step—but is often one of the hardest to get right.

The next time you look at choosing a business partner or expanding the top leadership in your company, these qualities may help you select someone that brings success and growth to your business.

Know the do’s and don’ts of starting a business

There can be a lot of unpredictable ups and downs when starting and running a successful business. A lot of the challenges are surprises that the business owner will simply have to learn along the way. But if you are starting a small business, there are definitely measures that you can take to prepare your venture for success.

By following these do’s and don’ts, you can be better prepared to set your small business up for success. Here are the steps that you should follow when starting a business:

UPS trade secret spat against 5 of their pilots

Earlier in October, the United Parcel Service (UPS) had reason to believe some of their pilots found and shared strategic plans about a UPS aircraft based on confidential trade secret information in a PowerPoint. These private plans were indicated to have the goal of influencing company strategy and financial decisions in the future.

The pilots in question appear to have known what the PowerPoint contained, shared it with others through the online sharing tool Dropbox, and made comments in a forum regarding what they learned from the document. While the motives behind these actions are unclear, the UPS filed lawsuits against all the pilots involved.

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Robert Kaufman has been selected as a 2013 Top Rated Lawyer in ‘Commercial Litigation’ as will be published in the May issue of The American Lawyer & Corporate Counsel magazine.Alex Kaufman has been selected as a 2013 Top Rated Lawyer in ‘Commercial Litigation’ as will be published in the December issue of The American Lawyer & Corporate Counsel magazine.

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