business formation Archives

How can I ensure a successful M&A process?

Gainesville business owners pursue mergers and acquisitions for all sorts of reasons, from reducing the impact of competition to expanding their enterprise into brand new markets. Despite your drive to do so, it's crucial that you enter into the process with a solid strategy in place to ensure you meet certain goals and remain financially viable. In this case, Entrepreneur offers the following tips to help you make the best possible decisions for your team and your business. 

Should you hire employees or contractors?

You just formed your business in Georgia, and you are ready to hire people to work for you. It is time for you to decide who is best for your company, an employee or an independent contractor. Both have pros and cons, and one may fit your needs now better than the other. However, make sure you classify them correctly or you can face costly legal implications.

PC or LLC: Which is better?

When you start your new Georgia professional practice, the business form you choose will have long-lasting effects on your taxes and how much, if any, personal asset protection you will have if and when someone sues you for malpractice. Most professionals choose to establish a professional corporation, a/k/a a PC, or a limited liability company, a/k/a LLC.

What you should know about starting a joint venture

Whether you are starting a small business, run an established company or are a self-contracted worker, you may be thinking of ways in which you can make yourself or your company more profitable. In some cases, the answer may involve joining forces with an entity who shares common business goals or other individuals who engage in the same type of business practices.

The pros and cons of incorporating in Georgia

Among the first things that new business owners in Georgia and elsewhere must do is to decide how to structure their companies. One option they may consider is incorporation, or forming a C-corp. To help them decide if a corporation is the right structure for their needs, it behooves business owners to carefully analyze the benefits and disadvantage of this option.

The benefits of an LLC business structure

You have run the numbers and conducted market research. Now you are ready to take the plunge and become a Georgia small business owner. Choosing a Limited Liability Corporation as your entity’s structure has many benefits, including flexibility, as your company grows. At The Roberts Law Firm, P.C., we assist clients through all phases of their business, from startup and development to implementation and business succession.

What are some mistakes made by small business owners?

While owning a business is a dream of many people in Georgia, it’s certainly not an easy task. That’s why it’s essential that new business owners understand common slip-ups that accompany a new business, which can help them avoid these mistakes. In this case, The Balance offers the following advice.

Mitigating the challenges of starting a new business venture

When people begin a new business in Georgia, they often spend considerable time assessing the market, consumer desires and the potential of their product to effectively compete with other offers from different companies. While the challenges that each organization will face vary depending on the products they provide, the structure they have selected for their business, their areas of expertise and weakness, and even the market they are in, understanding some common obstacles that arise early on in a business venture may help entrepreneurs to be better prepared for what is ahead. 

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.

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