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business formation & planning Archives

Ready for business formation? The loans are there

Georgia residents who are thinking about opening up their own businesses have to go through a lot to get it done. Business formation can be a tough process. Part of it is getting the funding needed to get the company off the ground. Traditionally, this is something that has not been easy for new business owners to achieve.

Business planning can help when tragedy strikes

Quite a few Georgia residents are small business owners. Many of them have companies that they run with their spouses or other family members. If tragedy strikes and there is no plan in place for how to keep things moving forward, the business may suffer. This is just one reason why business planning is so important.

Some things to think about during business formation

Preparing to open up a business in Georgia? There are a lot of things to think about and decisions to be made during the business formation process that can affect the company's overall success. Here are a few things up and coming business owners need to thing about before they open shop.

Business mergers take planning

Sometimes merging businesses is what is best in the long run. It all depends on company goals. When opting to merge two companies, there are a lot of things to consider. It is certainly a process that company owners in Georgia shouldn't go through without significant planning.

Georgia business succession planning

In the early years of owning and operating a business, one of the last things a company owner may be thinking about is an exit strategy. The truth is, though, succession planning is important. It is impossible to know when it will be needed, so having a plan ready is always wise and something that all business owners -- whether in Georgia or elsewhere -- should consider having.

What soldiers can teach company owners about business planning

Setting up a business and making plans for its future may sound relatively simple, but is it? Some company owners in Georgia and elsewhere may find that it is anything but. When it comes to business planning, those with the answers may not be business-minded people at all. Instead, they are individuals whose lives literally depend on planning.

Georgia business formation: Putting together an LLP

When going into business with a partner, figuring out which entity type best fits the company's needs may be a bit complicated. Whether one's business will be located in Georgia or elsewhere, there are several different types of partnerships that can be entered into when going through the business formation process. This week, this column will touch on one in particular: the limited liability partnership.

3 things you should know about buy-sell agreements

You crafted the perfect business plan and even found potential partners. Before you officially open business with others, you should develop a sensible buy-sell agreement. Even the simplest organizations can benefit from buy-sell agreements. It could save you from financial disaster if unforeseen circumstances occur in the future.

Consider employee classification when business planning

Being a business owner means that one has to make a lot of difficult decisions. Knowing what is best for one's company in the long run is not always easy. One thing that company owners in Georgia and elsewhere have to consider when business planning is how they will classify their employees. Failing to properly classify one's employees can cause significant issues down the line.

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Miles Hansford & Tallant, LLC
202 Tribble Gap Road Suite 200
Cumming, GA 30040

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