Defective products are a risk to consumers, which is why there are legal repercussions for manufacturers that leave such products on the market. If you suffer harm from a defective product, you have the right to seek legal compensation because it is the manufacturer's...
What does succession planning look like for small businesses?
When Georgian business owners work on a plan, succession matters are not always first. After all, many plan to run their business for as long as possible. In reality, succession planning should happen as early as possible. Why is that? We will answer that question...
What you need to know about trade secrets
Trade Secrets and Intellectual Property Your trade secrets are intellectual property. According to U.S. law, a trade secret is a device, idea, process, formula or pattern that provides you with a competitive advantage in your industry. As a business owner and the...
How can people confuse trademarks?
Many businesses use trademarks to help distinguish themselves from competitors in the marketplace. Should another party infringe on your trademark, you might have to litigate them to stop the infringement. But if you want to protect your trademark, you want people to...
What do you know about a buy-sell agreement?
Going into business with a partner can lighten the load and potentially make your Georgia-based business a bigger success. That said, you need to protect yourself and the investment of time, money and energy you put into the business with a buy-sell agreement. Such an...
How should I “break up” with my business partner?
Business partnerships can experience ups and downs like any other relationship. At some point, you may even believe it necessary to dissolve your partnership, which can cause quite a bit of stress and headache. Fortunately, much of this fallout can be avoided if you...
Why should you register your copyright?
As a creative Georgia entrepreneur, you likely have created several original works in the past and probably will create many more in the future. As you may already know, each of these original creations receives an automatic copyright upon its “publication,” i.e., its...
What is the value of a trade secret?
Any type of secret has value because people always want to try to discover what it is. That is the curious nature of humans. However, trade secrets are special. These are secrets that have a monetary and business value. Sometimes they are the single thing that makes a...
Why Is Business Entity Needed?
The concept of business entity states that the business-related transactions must be recorded separately from its owners and other businesses. To do this a separate accounting record is used for the company that excludes the liabilities and assets completely of any...
Business Consultation Skills You Need To Excel
Business consulting is an activity associated with providing skilled advises during a specific business space like selling, business management and development, sales, finance, human resources and etc. The one that doing this is often known as a business adviser. He’s...
