When someone in Georgia starts a business, there is the potential that the economy will grow and jobs will be created. However, starting a new company often includes a long, complicated licensing process that delays business openings and may costs business owners money. However, some are trying to ease the burdens of corporate and commercial law by making the business regulation process a little faster.
The bill before the state senate is called the FAST Act, standing for Fairness, Accountability, Simplification and Transparency. The bill would require state agencies to make public the amount of time it will take before a new business owner would be approved for a license. Those agencies would then be obligated to deliver by the deadline or reduce the processing fee for the applying entrepreneur.
Lt. Gov. Casey Cagle hopes that by simplifying the paperwork, the State Senate will allow more small businesses to help boost Georgia’s economy. Cities and counties would also be graded on how well they adhere to their deadlines for issuing permits and licenses. The bill is a top priority for this year’s session of the General Assembly.
Entrepreneurs may be pleased by the efforts of the State Senate since anything that makes things easier for a business owner’s hectic life is appealing. This is why people starting their own companies often enlist the help of an attorney. A business lawyer who has experience in all facets of business and commercial law will ensure the security and profitability of a growing business by handling both local and international business issues.
Source: bizjournals.com, “Georgia Senate bill targets business regulations“, Dave Williams, Jan. 13, 2017