Gainesville Business And Real Estate Law Blog

What should business owners look for in a lease?

Many business owners lease a space for their company. Leasing is cheaper than a full-out purchase and can carry less risk if your business needs change.

One of the most important aspects of a potential rental space is the lease. Here are some things you should look for before signing a business lease:

Aspects that you should consider before making an offer on a home

You are excitingly anticipating buying a new home and you have recently found the perfect house in Georgia that you are interested in making an offer on. Because you are aware that you are not the only interested buyer, you are looking for ways to polish your offer to give yourself the best chance at winning over the seller. At The Roberts Law Firm, P.C., we have helped many people to effectively manage the process of buying a new home without compromising what they want. 

While you may not see your offer as anything more than a request, your offer is an imperative opportunity for you to define your requirements as the buyer. This is your chance to disclose the contingencies you have that if honored, will make this home the one you end up buying. 

What are some red flags to look for when working with clients?

As an entrepreneur in Georgia, your clients are a large part of your success. However, some clients can be more trouble than they’re worth, especially if your involvement with them ends in litigation. That’s why Lifewire offers the following client red flags to look out for.

Requests for quick or easy projects

Should you have a partner in business?

If you are a business owner in Georgia, or if your business is in the initial planning stages, you may be wondering whether or not having a partner is a good idea. Partnerships can work beneficially and be advantageous in many ways, but they can also be disastrous. The best thing is to weigh the pros and cons and make a decision based on your specific situation and needs.

The Chronicle discusses a number of benefits associated with partnerships. One advantage is tax-related. In a registered partnership the business itself it not taxed, so each partner pays taxes on their individual profits. The registration fees are also much lower than those for corporate designations. Other benefits include:

  • Improved chances of success and profit
  • Decreased financial responsibility
  • Lightened workload
  • More variety in terms of skills and experience

Understanding "cooling-off period" requirements

The success of your Gainesville business may depend largely on the contractual agreements that you enter into with your customers. What are you to do, then, when one such customer tries to cancel its contract with you citing a "cooling-off period." Many come to us here at The Roberts Law Firm, P.C. in such situations wondering if they are indeed required to honor customers' requests in such situations. The answer depends on the nature of your business. 

A "cooling-off period" is meant to describe the window given to customers following purchases or the completion of contractual agreements to evaluate what they have done and determine if it truly is in their best interests. If one ultimately changes its mind, it can take advantage of the cooling-off period provision to walk away from its contract with you without having to incur any penalties for breach of contract. Typically, cooling-off periods are purposefully brief (in Georgia, the law only allows them to extend for three days from the date a deal was made. 

Preventing personal problems from becoming professional hazards

Many business owners know all too well how the personal can affect the professional when certain issues arise. Business is often innately personal as the dynamics between the people within the company and those they work with continue to change and fluctuate over time.

As you prepare to take on a new business venture, consider planning ahead to mitigate the chances of a personal issue derailing your professional goals. For instance, if your business includes multiple owners, what happens when one owner gets a divorce down the line? Does the company suddenly become a bargaining chip? Is ownership of the company considered property of the marriage?

Can my neighbor and I agree to set our own boundaries?

When it comes to a boundary dispute between Georgia neighbors, it seems so simple for the two sides to just point to a tree or a small hill and declare that landmark to be the dividing line between the two properties. In fact, two opposing sides of a boundary dispute can do just that. While there may be some legal complications involved, it is very possible for two neighbors to set their own boundaries.

Should you and your neighbor agree to set the boundaries of your respective properties, FindLaw explains that the two of you may compose a lot line agreement, or what is also referred to as a lot line adjustment agreement. This agreement is made up of deeds composed by the two parties that describes where the new boundary lines will be set.

What is a non-disclosure agreement?

Proper protection of confidential information is key in the world of business. That’s where non-disclosure agreements (NDA) come in. These agreements prevent essential information from being dispersed to others, which may result in stolen ideas and loss of money. Forbes explains what goes into making a binding NDA to ensure you and your business remain protected.

When to use an NDA

What can I do if I can’t pay my mortgage?

Coming to the realization that you won’t be able to pay your mortgage is a sobering feeling. When you’re unable to keep up with monthly payments you face the risk of losing the house you worked so hard for, as well as incurring financial ramifications that could last for years. Business Insider explains the following steps you can take if you’re no longer able to pay your mortgage.

Get in touch with your lender

The difference between a partnership and a corporation

One of the most fundamental decisions to make when starting a new business in Georgia is what legal structure the business will have. The structure of the business depends upon the objective and goals of the business owner(s).

Essentially, there are three types of business structures: sole proprietorship, corporation and partnership. While a partnership and a corporation may have some superficial similarities, there are some significant differences between the two.

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The Roberts Law Firm, P.C.

The Roberts Law Firm, P.C.
604 Green Street
Gainesville, GA 30501

Toll Free: 866-594-7535
Phone: 404-537-2796
Fax: 404-841-0775
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