Business Law Attorney Roswell GA

Building a successful business of any size does not happen overnight. It requires hard work, commitment, and sometimes years of sacrifice before you can begin to relax and enjoy your achievement. Unfortunately, legal issues can, and frequently do, arise when a business has a significant client base. Having an experienced business attorney on your team helps protect your investment—not just your money, but the long days and late nights you put in to ensure your company's success. At Brim Law, LLC, we understand the challenges your business faces. Our goal is to help you navigate your way through the legal system, steering a course that protects your interests and keeps you and your business on the road to success. For creative solutions and quality legal counsel for your small business or corporation contact us to schedule a consultation today.

Business Litigation

Your business has important financial incentives driving the need to resolve conflicts swiftly and efficiently. If left unresolved, conflicts can lead to lawsuits, and lawsuits can lead to costly and time-consuming delays. At Brim Law, LLC, we understand that whether you are pursuing a legal remedy to enforce your rights or marshaling a defense to protect them, effective legal representation is critical to meeting your business objectives.

Guided by our firm's mission, we treat every client's problem as if it were our own, and focus on achieving the best results possible. To accomplish this goal, we undertake a thorough assessment of the facts, consider all permutations of argument and analysis, and ensure that we are well-versed in all key areas of applicable Georgia law. The result is a legal strategy that balances what you want with what you need.

Collection Matters

It happens all too often. A professional service firm or medical practice, a small business, a contractor, sub-contractor or a merchandiser gets left with bounced checks, unpaid invoices, invalid credit cards, non-payment of loans and other debt. Brim Law, LLC is dedicated to helping businesses collect unpaid debts and judgments due to them. Brim Law, LLC practices in a wide-range of collection services to help your business thrive.

Business Formation

Helping business owners and aspiring business owners is an important part of our legal practice. Given the increasingly litigious nature of our society, it is critical for people operating a business to protect their personal assets from lawsuits. In addition, it is important to ensure that business debts do not become personal debts. By forming an appropriate business entity, you can shield yourself and your family from business debts in the event that your business petitions for bankruptcy, or is otherwise unable to pay its debts or other obligations.

There are several basic choices for forming a business. These options are sole proprietorship, partnership, corporation or limited liability companies. An overview of these options is provided below:

Sole Proprietorship: A sole proprietorship is a business owned and operated by one individual. Although a sole proprietorship is the simplest type of type of business, it also comes with the most risk. Legally, if you set up your business as a sole proprietorship, your business is considered to be an extension of yourself. Therefore, as a sole proprietor, you are personally responsible for all the liabilities and obligations your business incurs. This means that if the business fails, any of your assets, including your personal assets, can be seized to discharge the liabilities owed.

General Partnership: In the business world, the word "partnership" usually refers to general partnerships. A general partnership is a business that has more than one owner and that has not filed papers with the state to create a specific entity such as a corporation or limited liability company (LLC). In a general partnership:

  • all partners (called general partners) are personally liable for all business debts, including court judgments;
  • each individual partner can be sued for the full amount of any business debt (though that partner can in turn sue the other partners for their share of the debt); and
  • each partner has "agency authority" for the partnership - that is, each partner can bind the whole business to a contract or business deal.

Limited Partnerships and Limited Liability Partnerships: Limited partnerships (LPs) and limited liability partnerships (LLPs) are both businesses with more than one owner, but unlike general partnerships, limited partnerships and limited liability partnerships offer some of their owners limited personal liability for business debts. In limited partnerships (LPs), at least one of the owners is considered a "general" partner who makes business decisions and is personally liable for business debts. But LPs also have at least one "limited" partner who invests money in the business but has minimal control over daily business decisions and operations. The advantage for these limited partners is that they are not personally liable for business debts. The limited liability partnership (LLP) is a similar business structure but it has no general partners. All of the owners of an LLP have limited personal liability for business debts.

Corporation: A corporation is a separate and distinct legal entity. A corporation can open a bank account, own property and do business, under its own name. The primary advantage of a corporation is that its owners, known as stockholders or shareholders, are not usually personally liable for the debts and liabilities of the corporation. For example, if a corporation gets sued and is forced into bankruptcy, the owners will usually not be required to pay the debt with their own money. If the assets of the corporation are not enough to cover the debts, in most cases the creditors cannot go after the stockholders, directors or officers of the corporation to recover any shortfall.

Limited Liability Company (LLC): Like a corporation, a Limited Liability Company (LLC) is a separate legal entity from the owners of the LLC. The owners of an LLC are referred to as "members", rather than stockholders or shareholders as with corporations, and may be member managed or manager managed. LLCs are becoming more and more popular. They combine the personal liability protection of a corporation with added tax benefits where certain income, deductions, and losses can be passed through the company to the individual tax return of each member (like an "S" corporation). In other words, the members of a LLC are not usually personally liable for the company's debts and liabilities, and they have the benefit of being taxed only once on their profits similar to a partnership. This is why an LLC is frequently referred to as a hybrid of a corporation and a partnership because it offers the personal liability protection of a corporation along with a lot of the tax benefits and flexibility of a partnership.

Location

300 Colonial Center Pkwy.
Suite 100
Roswell, GA 30076

Phone: 678-353-3350
Fax: 678-278-0975

Map and Driving Directions

 

Office Hours

Monday - Friday
8:00 a.m. to 5:00 p.m. EST