Esteemed Business Attorneys Serving Georgia
At Bloodworth, Crowley & Leverett, we believe that success breeds success. For any business, the legal experts with whom you partner will have a definitive impact on your long-term success.
Our business attorneys have a track record of successful representation for businesses and corporations in Macon and throughout the surrounding areas in Georgia. We are a well-respected institution in Macon, and we take great pride in the exceptional legal services we provide for local businesses.
Setting Up A Georgia Business Entity
Our business law attorneys help clients at the beginning of entrepreneurial ventures. The services of our experienced legal team provide invaluable help for clients forming their own new business ventures. We help our clients with:
- Entity selection, whether a sole proprietorship, a limited liability company (LLC) or other business entity type
- Initial business plans, operating documents and best practices
- Employment contracts and related issues
- Filing with the secretary of state
All the issues you will face when starting a new business have long-term legal and financial ramifications. Failure to handle these matters well can be catastrophic for a new business venture. Our Macon business lawyers can walk you through every step of the process to protect your interests and establish your business for success.
Facilitating Effective Business Collections
Unfortunately, customers don’t always pay their bills or might file bankruptcy. As a result, businesses need to invest in collections. One of the biggest challenges for most businesses is determining which accounts are worth collecting on. Our lawyers conduct in-depth cost-benefit analyses between the cost of collection and the expected return.
If we determine that collection is the best option, we approach collections aggressively and efficiently to make sure our clients’ businesses get the best possible returns on their investments.
Buying And Selling A Business Efficiently
Numerous legal complications involve purchasing and selling a business. Mergers, acquisitions and the transfer of ownership are complicated legal agreements. Our business lawyers provide sound legal counsel and contractual oversight for asset and stock sales.
What Are The Differences Between Corporations, LLCs And Partnerships?
Each of these three business entities has its perks and downfalls. The overview is:
- Corporations: Legally separate entities from their owners, offering limited liability but subject to double taxation on profits.
LLCs (limited liability companies): Provide limited liability like corporations but are typically taxed as pass-through entities, avoiding double taxation.
Partnerships: Involve two or more individuals sharing ownership, profits and liabilities, with tax obligations passing through to partners.
Each structure has unique legal and tax implications, so selecting the right one depends on your business goals and needs.
What Common Mistakes Do New Business Owners Make When Setting It Up?
These are some of the missteps that we frequently see in entrepreneurs:
- Inadequate planning: Failing to develop a comprehensive business plan.
- Insufficient funding: Underestimating startup costs and ongoing expenses.
- Ignoring legal requirements: Overlooking licenses, permits and regulations.
- Poor market research: Not understanding the target market and competition.
- Lack of marketing strategy: Neglecting a clear plan to attract customers.
Avoiding these pitfalls can significantly increase your chances of business success.
What Should I Know Before Merging With Another Major Company?
Before merging, thoroughly assess the other company’s financial health and liabilities to avoid unforeseen issues. Consider the cultural alignment and potential integration challenges between both entities to ensure a smooth transition. Evaluate the strategic benefits, such as market expansion and resource sharing, to ensure they align with your long-term goals. Last, consult with legal and financial advisers to navigate the complexities and secure a successful merger.
Contact Our Legal Team Today
No company should handle its legal issues without the help of experienced legal counsel. Call us at 478-772-3938 or contact us online to discuss your legal needs.