Do you ever wonder why people work steady jobs at a big company where their efforts might go unnoticed? Then you may not have considered all the risks of trying to make it on your own. After a year or two trying to run your own business, you may be happy to sacrifice some liberties for a paycheck and health benefits.
When you negotiated your current commercial lease, you took care to make sure that your landlord couldn't rent out space in the same building or complex to one of your direct competitors via an exclusive use or "exclusivity" clause.
It's a big part of the American dream for a person to own his or her own business. Sometimes, a new venture is the expression of a person's passion and it's hard to focus on anything else. But there is one thing that all business owners of all industries need, and that is the protection of the law.
Many Augusta entrepreneurs choose to ally themselves with a strategic partner with a unique skill set that will help them company grow their Georgia company. While you may try to carefully select the person that you'll go into business with, you two may inevitably experience strife. There are some steps that you can take when selecting your partner to minimize your risk of that happening though.
Whether you rent homes to tenants or you do business with customers or vendors, the more relationships you have, the more likely it is that you'll have difficulty remembering all the ins and outs of promises you make to them or they extend to you. That's what it's important for anyone who runs a Georgia business to always have a contract in place outlining their agreement with them so that their interests are protected.
While the workers for most companies are at-will employees, high-level executives are often contract workers instead. The employment agreement that they sign is far from standard. The prospective executive and their attorney will instead spend significant time negotiating the terms of the contract. A well-written employment agreement can minimize the risk of costly litigation if a conflict over these issues arises.
When you have a business idea, it may be tempting to join forces with another individual who supports it. They may be a business associate, a friend, an investor, a family member or anyone else willing to commit financial, logistical or some other type of support to get a concept off the ground.
For many companies, their office space is one of the first impressions that they give to consumers or clients about who they are. Landlords of commercial properties understand this quite well. This is why rent payments tend to be one of the largest monthly expenses for any company.