Contact us today 770-744-1111 will call back
within 24 hours
Menu Contact

Ways entrepreneurs can limit risk and business litigation

Staring a new business can be one of the most exciting times of an entrepreneur's life. However, along with the excitement comes uncertainty, as a businessperson contemplates the financial risk that he or she faces if a business does not succeed. Those in Georgia who are establishing a new organization may want to understand how to protect themselves as much as possible from unnecessary business litigation.

First, it may be important to evaluate the various structures available for new business formation. The best option for limiting personal liability could differ depending upon the number of owners involved. Second, most entrepreneurs select an appropriate insurance plan to protect themselves and/or their employees against risks that are considered especially damaging. 

Third, keeping accurate records and putting certain controls in place can reduce financial loss via business litigation. These controls could be something such as limiting the number of people who are authorized to make certain financial transactions. Finally, identifying poor credit risks and implementing payment standards can also be important. 

The considerations above are only a few of the many ways that new business owners in Georgia may want to consider. While some choose to pursue a start-up without legal representation, most who establish new ventures seek the professional consultation of an attorney. Attorneys with practices that focus on business formation and business litigation can be the best place for a new proprietor to seek guidance. The ability to limit liability and maximize a start-up business's profits could mean the difference between success and failure for a new enterprise.

Source: smallbusiness.chron.com, "8 Steps Every Entrepreneur Can Take to Reduce Business Risk and Liability", Bert Markgraf, Accessed on Aug 4, 2016

No Comments

Leave a comment
Comment Information

Contact Us today! We promise to call back within 24 hours.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Cumming Office
202 Tribble Gap Road Suite 200
Cumming, GA 30040

Phone: 770-744-1111
Fax: 770-781-9191
Cumming Law Office Map

The Gilbert House
38 Sloan St
Roswell, Georgia 30075

Roswell Law Office Map

Cumming Office
Roswell Office