One of the major benefits of forming your company as a Corporation or LLC is the limited liability protection that these entities provide to business owners."Limited Liability" means that business owners or investors are not personally liable for the business's debts. A creditor cannot come after their home or their personal bank account. In contrast, Sole Proprietors and General Partners can be found personally liable for such debts.
Limited Liability Company(LLC)Corporation (this includes Professional Corporations and Non-Profit Corporations)I am not sure or I have a different entity form such as a Sole Proprietorship
Limited liability companies in Georgia are only properly formed by filing Articles of Organization with the Secretary of State. Failure to timely file annual registrations may result in late fines or administrative dissolution. Sparks Law offers assistance with the preparation and filing of Articles of Organization, as well as the preparation of annual filings. Please contact our office for more information.
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It is recommended that you have an attorney serve as your Registered Agent. Without an attorney serving as your Registered Agent, you risk of having a summons served without your knowledge or a critical deadline passing before you are aware of the need to respond. Sparks Law offers Registered Agent services for our clients. Please contact our office for more information.
The city or county where your business is located may require that you obtain a Business License. It is advisable to contact those offices or to consult with an attorney, to ensure that you are compliant with any applicable regulations.
An Operating Agreement is an agreement among the owners of an LLC and governs both the business processes and the members' financial and managerial rights and duties. Many states in the United States require LLCs to have an Operating Agreement, however, Georgia does not have this requirement. Nonetheless, having a well-drafted Operating Agreement is advisable for several reasons. An Operating Agreement sets owner expectations and can help resolve disputes in the future. Additionally, an Operating Agreement is important evidence that the owners and the company are not the same entity; you must maintain distance between the company and yourself personally in order to benefit from limited liability. If you have any questions about your Operating Agreement, or would like for Sparks Law to draft one for you, please contact our office.
Buy-Sell Agreements are an important way to establish the procedures for specific occasions that would trigger a buyout of a member's ownership interest, such as the death, disability, retirement, imprisonment, voluntary resignation, or involuntary termination of an owner. These Buy-Sell Agreements can also address who may purchase the departing owner’s interest in the business, as well as the specific price to be paid for the owner’s interest. If you would like for Sparks Law to assist you with the terms and drafting of a Buy-Sell Agreement, please contact us.
Corporations in Georgia are only properly formed by filing Articles of Incorporation with the Secretary of State. Failure to file timely annual registrations may result in late fines or administrative dissolution. Sparks Law offers assistance with the preparation and filing of Articles of Incorporation, as well as the preparation of annual filings. Please contact our office for more information.
We recommend that you have an attorney serve as your Registered Agent. Otherwise there is a risk of having a summons served without your knowledge or a critical deadline may pass before you are aware of the need to respond. Sparks Law offers Registered Agent Services for our business clients. Please contact our office for more information.
After Articles of Incorporation are filed with the Secretary of State, the directors or incorporators of a corporation must meet to adopt Bylaws, which will govern how the business will be run. If you have any questions regarding bylaws or would like for Sparks Law to assist in drafting your company’s Bylaws, please contact us.
The city or county where your business has its home office may require a business license. It is advisable to contact those offices or consult with an attorney, to ensure that you are compliant with any applicable regulations.
A Shareholder Agreement is an agreement among the shareholders of a corporation that governs the business processes and the members' financial and managerial rights and duties. Having a well-drafted Shareholders Agreement is advisable in setting owner expectations and preventing possible disputes in the future. If you have any questions about a Shareholder Agreement, please contact us.
Buy-Sell Agreements are an important way to document the procedures for specific instances that would trigger a buy-out of a stakeholder’s ownership interest, such as the death, disability, retirement, voluntary resignation or involuntary termination of an owner. These agreements also address who may buy the departing owners interest in the business, as well as the specific price to be paid for the owner’s interest, if the parties choose to include it. If you would like for Sparks Law to assist you with a buy-sell agreement, please contact us.
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A strong Products Liability Waiver Form provides additional protection from lawsuits resulting from injury related to use of the product. If you do not have a Waiver, or would like for Sparks Law to review your current Waiver, please contact us.
A well-drafted Master Services Agreement (also known as Terms and Conditions) sets out the rights and responsibilities of your company as well as your customers, and can help prevent legal headaches down the road. Sparks Law would be happy to review your current Master Service Agreement or draft a brand new Agreement, to ensure that your company is not exposed to avoidable legal vulnerabilities.
Confidentiality or Non-Disclosure Agreements are a key part of a business’s legal arsenal. Such Agreements can prevent disclosure of valuable trade secrets and intellectual property, by current or former employees. If you have any questions about Confidentiality or Non-Disclosure Agreements, please do not hesitate to contact Sparks Law.
Violations of the Affordable Care Act can result in harsh consequences for a business, such as financial penalties and additional taxes. Sparks Law would be happy to advise you on this regulation and help you determine whether you are compliant or at risk for penalties for non-compliance.
Correctly classifying an individual who works for you as an Employee or Independent Contractor will ensure that your company is abiding by various statutory requirements and prevent costly legal consequences with the Department of Labor (DOL) or Internal Revenue Service (IRS). Sparks Law would be happy to assist you with reviewing your current Contractor relationships to advise you on whether the relationships are correctly classified.
Confidentiality or Non-Disclosure Agreements are a key part of a business’s legal arsenal. Such Agreements can prevent disclosure of valuable trade secrets and intellectual property by current or former Independent Contractors. If you have any questions about Confidentiality or Non-Disclosure Agreements, please do not hesitate to contact Sparks Law.
Trademarks serve to distinguish products or services within a certain market. Filing for a Federal or State Trademark is an important way to protect your brand and client relationships from competitors who offer similar products or services under a confusingly similar Trademark. If you would like for Sparks Law to assist you with protecting your brand, please let us know.
A Trade Name, also commonly referred to as a Fictitious Name or DBA (short for, “doing business as”), is necessary when an entity chooses to conduct its business under a different name than the name used upon formation, which is registered with the Secretary of State. For example, if your business name is Smith Contracting, LLC but your customers know you as SC Remodelers, you need to register the latter as your Trade Name. If you are interested in conducting business under a different name, or would like more information concerning the use of Trade Names, please contact us today.
Proper estate planning is necessary to protect what you have worked so hard to build. Please contact us if you would like more information about creating a thorough business succession plan.
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