Briskin, Cross & Sanford, LLC

Dissolving a business in Georgia involves several crucial steps. Start by getting approval from all partners or shareholders, and then file a Certificate of Dissolution with the Secretary of State. Next, settle all tax obligations and pay off any debts. Notify creditors, suppliers, vendors, employees, and customers about the closure. Distribute any remaining assets among the owners after satisfying claims. Remember to cancel business licenses and permits, and close all business accounts. Finally, retain all relevant records for future reference. For a smooth process, consider consulting with an attorney to ensure compliance with legal requirements. https://bit.ly/4d1WP4l

Effective business partnerships require more than just a shared vision; they need a solid foundation of clear expectations and roles. At Briskin, Cross & Sanford, LLC, we specialize in creating detailed partnership agreements for general partnerships, limited partnerships, and limited liability partnerships (LLP). Our contracts meticulously outline each partner’s roles, expectations, and obligations, ensuring clarity and reducing potential conflicts.💡 With over 20 years of experience, our transactional attorneys have crafted and revised partnership agreements for startups and established businesses across the greater Atlanta metro. Our extensive expertise spans various industries, allowing us to tailor agreements to meet your specific needs and support your business’s growth. 📈 For a partnership agreement that solidifies your business foundation, contact us today. https://bit.ly/3A0YBDY

Exciting News! We just wrapped up a successful shopping center refinance with Cecilia Crutchfield of Cadence Bank and the dynamic team at A&K Royal Homes. 🎉 Take a look at how this collaboration came together! 💼🤝

Many entrepreneurs face the challenge of securing capital to start their businesses. Convincing banks or lenders to finance an untested idea can be difficult, and investors may offer unfavorable terms. For those with limited savings, using personal funds can be impractical. As an alternative, some turn to credit cards for funding. While this option is accessible, it comes with significant risks, such as high-interest rates and the potential for sudden credit freezes. Credit cards can offer advantages like easy access to funds and the opportunity to earn interest if balances are paid off promptly. However, due to the high costs and risks, it's wise to explore other financing options first, such as loans from friends, family, or small business lenders. Exhausting these alternatives can help mitigate the financial risks associated with credit card financing. https://bit.ly/3o0Pqus

At-will employment is a fundamental aspect of many employment agreements, defining the flexibility of termination for both employers and employees. In the absence of explicit terms in an employment contract, the at-will employment doctrine generally applies. This means either party can terminate the employment relationship at any time, for any lawful reason, without incurring legal consequences. 💼 Under at-will employment, employees have the freedom to leave their job whenever they choose, while employers can dismiss employees without specific cause, provided it does not violate discrimination laws or other legal protections. This provision also allows employers to alter the terms of employment as needed, although some limitations might apply based on the circumstances. ⚖️ An effective employment contract often includes specific terms about termination, such as required notice periods or conditions for ending employment, which can offer more protection and clarity compared to the default at-will arrangement. Employers may choose to incorporate such terms to mitigate risks and better define the employment relationship. To ensure that employment contracts are comprehensive and effective, seeking legal counsel is advisable. Legal experts can help draft agreements that address specific needs and risks, ensuring that both parties are protected and aware of their rights and obligations. https://bit.ly/3WLu1r5

At Briskin, Cross & Sanford, LLC, we specialize in drafting comprehensive employee manuals and employment agreements for both executives and workers. We also create restrictive covenants to safeguard trade secrets and prevent unfair competition from former employees. 🤝 Our services include crafting noncompete agreements that effectively balance company protection with employees' rights to pursue other opportunities, as well as nonsolicitation agreements to deter unfair poaching of staff and leakage of confidential information. We ensure our clients comply with federal employment laws, including the Fair Labor Standards Act, the Family Medical Leave Act, the Americans with Disabilities Act, and the Age Discrimination in Employment Act. 💭 Our seasoned trial lawyers handle litigation involving restrictive covenants, nondisclosure agreements, and trade secrets, seeking resolution through negotiation, mediation, arbitration, or trial. For expert assistance with employment agreements and restrictive covenants, contact us today. https://bit.ly/3vsjAJN

Many entrepreneurs shy away from creating a business plan, preferring hands-on work over planning. However, a well-crafted business plan is crucial for any business. It not only helps in evaluating potential and risks but also serves as a key tool for securing financing from lenders and investors. A business plan is a formal document that outlines your business’s products or services, financials, market analysis, management, and funding needs. It’s a detailed guide that can help you present a clear vision to interested parties. While drafting a business plan requires effort, it’s invaluable for guiding growth and development. It also helps control access to sensitive information. An experienced business attorney can assist in creating a robust plan that optimizes your business potential and serves as a roadmap for future success. https://bit.ly/3o0Pqus

Trade secrets are crucial assets that offer a competitive edge, and their theft poses a serious threat to companies. In Georgia, trade secret theft involves deceitfully taking, using, or disclosing confidential information, potentially resulting in significant financial losses and diminished competitive advantage. Signs of Potential Theft: -Increased document downloads, especially confidential ones. -Unexplained communication with competitors. -Unusual work hours, such as late nights or weekends. -Evasion of questions about work activities. Proving trade secret theft can be complex, with potential penalties including up to five years in prison and fines up to $50,000. If you suspect theft, consult an experienced lawyer promptly to explore legal options. To safeguard trade secrets, implement written policies defining these secrets, use non-disclosure agreements, limit access, and provide regular confidentiality training. Proactive measures can help protect your business long-term. https://bit.ly/3A4E2a1

Can a charity or organization secure tax-exempt status without incorporating? Yes, but incorporating provides essential protection for officers and directors, shielding them from personal liability. In Georgia, nonprofit incorporation also limits liability for punitive damages, unlike unincorporated associations. 📄 At Briskin, Cross & Sanford, we specialize in forming various nonprofit entities, including 501(c)(3) charities, 501(c)(4) advocacy groups, and 501(c)(6) trade associations. Our team offers expert advice on compliance with private inurement laws, avoiding excess benefits taxes, political activity regulations, fundraising disclosures, conflict of interest management, and liability insurance. 💡 We also assist with starting private foundations for community support. Reach out to us for comprehensive guidance on nonprofit legal matters. Visit our website to learn more today! https://bit.ly/3FEVteq

Many employers rely on independent contractors to handle key business tasks, while contractors value the flexibility of self-employment. But who qualifies as an independent contractor, and what does that mean for taxes? Independent contractors, like freelance writers, work on specific projects as needed without guaranteed ongoing work. The IRS defines an independent contractor as someone who controls how they complete their tasks but not necessarily the final result, which is directed by the employer. This distinction is crucial for tax purposes, as independent contractors are responsible for their own taxes and benefits. Ultimately, the IRS decides whether a worker is an independent contractor or an employee, impacting tax reporting and compliance. Understanding these implications helps businesses and contractors manage their roles and responsibilities effectively. Visit our website to learn more! https://bit.ly/3o0Pqus