When starting a business, much planning is undertaken to set it up for success. However, it is not often that initial business planning encompasses what will happen when a business ends or changes hands. Those in Georgia who start a small business may want to consider making plans in the event of the retirement or death of an owner.
By most accounts, it is easier to start a business in Georgia than it is in many other states. But "easier" is a relative term, of course.
Last month, we began discussing how even though budding entrepreneurs eager to make a mark in the business world are consumed by things like product development, sales projections and market share, it's important not to put the cart before the horse.
Over the last few months, our blog has been closely following the progress of House Bill 757, the contentious legislation designed to grant Georgia business owners the right to refuse to hire or terminate those employees who hold contrary values, and refuse services to those whose lifestyle is not in accord with their sincerely held religious beliefs.
Last month, our blog spent some time discussing how Georgia was making headlines across the nation over a controversial piece of legislation -- House Bill 757 -- that its sponsors claim is designed to provide "religious freedom" to business owners in the state.
Much of the discussion surrounding the launch of a new business understandably centers on the long-term viability of the product or services that are going to be offered, the sales projections and how the organization will look to define itself in the marketplace.
Georgia has increasingly been recognized as one of the nation's premier locations for business, a fact evidenced by the longstanding presence of several major multi-national corporations, a booming tech sector and a burgeoning film industry. Indeed, Forbes put the Peach State at number 11 in its 2015 rankings of the "Best States for Business," an increase of five spots from the previous year.