June 2018 Archives

How can I recover from a foreclosure?

After a foreclosure you may think that your chances of ever owning a home again are slim to none. However, this isn’t always the case; there are quite a few things you can do to bounce back from a foreclosure, from credit repair to establishing a solid work history. U.S. News & World Report offers some insight on the steps you can take when seeking a new mortgage after a foreclosure.

Creating an equine LLC

Every horse owner knows that horses are more than a passion. They require constant feeding, attention, and grooming that can become very expensive. It can be much more than a labor of love, too, with activities such as shows, riding lessons, and breeding.

What documents are needed to form an LLC?

If you want to create a business entity in Georgia, then be prepared to file some paperwork. The state requires that you submit certain documents to make your business legal. If you are forming a limited liability corporation, you will have more documents to file than if you were operating a sole proprietorship, for example. Typical filings required include documents for your business name and taxation documents. For an LLC, though, you have two specific documents you need to file to form the LLC legally.

Avoiding foreclosure as a landlord

From evicting a difficult tenant to the daily stressors that can arise with being a landlord, renting a home can be difficult at times. For some landlords, the threat of foreclosure can make daily life especially complicated. If you are renting to tenants and are worried about losing the home due to foreclosure, it is essential to know what your options are and carefully consider which course of action you will move forward with. In Gainesville and in other cities throughout the entire state of Georgia, many landlords and homeowners have had to face these challenges in recent years, so you should certainly not feel alone if you are working through this yourself.

Dealing with unforeseen inheritance disputes

For the sake of argument, let us assume for a moment that you were recently involved in an estate resolution that left you with real estate holdings in North Georgia. After you cleared probate and satisfied the necessary ownership and taxation requirements, you would probably think that you had enough of the state's courtrooms to last you for quite a while. Unfortunately, your neighbor might have different thoughts on the matter.

What is a limited liability partnership

When friends or partners decide to come together to make money, they may be forming a general partnership. In many cases, this type of partnership is informal and may not involve a contract. However, if something should happen regarding the business, it may be best to have a contract in writing to help with technicalities in the future. A general partnership with no contract in place leaves the risk of liability if something should arise. If you wish to turn your general partnership into a legal entity, you may choose to start a limited liability partnership or LLC.

Analyzing the pros and cons of sole proprietorships

When the opportunity arises to start your own business in Gainesville, the question of which business model to follow immediately arises. Many in your same situation come to us here at The Roberts Law Firm, P.C. thinking that having business partners automatically gives them an advantage. Like them, you may be surprised to hear that is not always the best move. It all depends on what you want. 

What are the drawbacks of a partnership?

You may be an entrepreneur considering starting a new business. If so, how do you know who you could trust as your potential partner? If are unsure, here are some of the disadvantages of creating a partnership in your new business venture.

  • State Bar of Georgia - Lawyers Serving the Public and the Justice System
  • Gainesville, Georgia - Since 1821
  • TOBA - Thoroughbred Owners & Breeders Association
  • Fenway-Foundation
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Gainesville, GA 30501

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