Kaufman & Forman, P.C.
Call to arrange a consultation
678-957-7769 | 770-390-9200
Contact Us
practice areas

Finding funding for Georgia small business formation

Nearly everyone who is asked will have a different idea of the best way to start a business. One of the most important things that every Georgia small business formation needs is funding. No business will get off the ground without money up front. The question is where to get that money.

The simple answer is that it varies. One of the hardest decisions for any entrepreneur to make is how they want to fund their business. Using personal funds such as savings, credit cards or personal loans will ensure that the business stays "in the family," but could also end up putting the owner or owners in a tough financial position.

Finding investors is another popular way to fund a business. On the upside, it allows the business owner access to capital without necessarily having to dip into his or her personal funds. However, this also means that the investor has a piece of the company, which can get complicated. If investor funds are used, it would be a good idea to have representation in order to make sure that the entrepreneur's interests are safeguarded.

Still other people may be looking to grow into a formal business after selling goods or services on a small scale. If there is already money coming into the business, that money may be reinvested into the business to help it grow. This way, there are no investors to be accountable to, and there may still be money in the bank.

No matter what method of funding is chosen for Georgia small business formation, the entrepreneur needs to have a plan. There are a lot of details that need to be worked out when starting a business. Having someone to help with the details, both legal and business, can help ensure that the business gets started on the right foot.

Source: USA Today, Many ways to get a small business off the ground, Laura Petrecca, Sept. 23, 2013

No Comments

Leave a comment
Comment Information

Contact Kaufman & Forman, P.C. Now

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

get Legal Help Now

Kaufman & Forman, P.C.
8215 Roswell Road
Building 800
Atlanta, GA 30350

Toll Free: 800-461-5864
Phone: 678-957-7769
Fax: 770-395-6720
Atlanta Law Office Map

Review Us

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.

*AV Preeminent and BV Distinguished are certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the bar and the judiciary. Martindale-Hubbell ratings fall into two categories: legal ability and general ethical standards.