Protecting your business and it’s interests.
Business Law Attorney In Lawrenceville, GA
helping Businesses start or stay in the business in Lawrenceville, georgia
Tim Hurban is an experienced attorney with over 15 years of experience, having held bar licenses in Georgia and Michigan. With a deep understanding of business law, Tim Hurban leverages his extensive experience to focus his skills on assisting businesses with their legal needs. Whether navigating complex contracts, managing corporate governance, or guiding startups through legal hurdles, Tim provides strategic advice tailored to each client’s unique business objectives.
Whether you’re just starting out or looking to expand, navigate the legal landscape with confidence under the guidance of a seasoned professional who truly knows Georgia business law. Let us help you protect your vision and propel your business towards success.
Benefits of Working with Our Business Law Attorney:
Business Formation
We can streamline the process by drafting a complete suite of corporate formation documents, including certificates of formation, operating agreements, buy-sell agreements, and more.
Business Contracts
Make sure your property ends up where it belongs by creating a comprehensive estate plan.
Business Transactions
Whether you are starting a new business or looking to expand an existing one, conducting successful business transactions is crucial to your success.
Business Entities
A Business Entity affects the type of taxes you pay, your level of liability, and other legal considerations. As you start your new business, you will have to choose a business entity
Business Disputes
Stuck in a contract dispute with a business or individual? We may be able to save you valuable time and money by quickly resolving your dispute without litigation.
Business Lease
Leasing a space for your business can be a complex and challenging process, especially if you’re unfamiliar with the laws and regulations governing commercial leases in Georgia.
Business Filings with the Secretary of State
We can assist clients with the full range of business filings with the Secretary of State, including: registration of a foreign entity in Texas, registration of an assumed name (commonly known as a “DBA”), amendments to business entities, and terminations and reinstatements of business entities. In certain instances, time-sensitive filings are eligible for expedited handling with the Secretary of State.
Legal research and Opinions
Have a burning legal question? We may not have the answer, but we can perform legal research and offer advisory opinions to your small business. If we can’t help, we’ll find an attorney who can.
“In order to achieve the maximum liability shield, tax benefits, and business efficiencies, selecting the appropriate entity according to the business and owners & specific needs is critical.”
– Tim Hurban
Different Types Business Entities In Georgia
Customizing formation documents is also important to maximizing benefits for you and your business. Here are some of the most common business entities we work with and are used in the state of Georgia:
1. Corporation
A corporation is a business entity legally distinct from its owners. A board of directors governs it, with officers managing day-to-day operations.
4. S Corporation
Sometimes referred as an “S corp”, is a special type of corporation that’s designed to avoid the double taxation drawback of regular C corps. S corps allow profits, and some losses, to be passed through directly to owners’ personal income without ever being subject to corporate tax rates.
7. Professional Corporation
Professional corporations or professional service corporations (abbreviated as PC or PSC) are those corporate entities for which many corporation statutes make special provision, regulating the use of the corporate form by licensed professionals.
2. Limited Liability Company
It is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the business debts and liabilities.
5. Series Limited Liability Company
It is a group of LLCs which are owned in a tiered-down structure. The top tier LLC owns the lower-tiered LLCs. Each LLC has assets separate from the others, while the main LLC controls all the LLCs in the series.
3. Limited Partnership
(LP) is a business entity that requires at least one general partner and one or more limited partners. The general partner has unlimited financial liability. LPs are pass-through entities that have little or no reporting requirements.
6. Family Limited Partnership
A family limited partnership (FLP) is an arrangement in which family members pool money to run a business project. Each family member buys units or shares of the business and can profit in proportion to the number of shares they own, as outlined in the partnership operating agreement.
Contract Drafting & Negotiating Services In Georgia
Hurban Law understands the importance of contracts for documenting business relationships, managing liability risks, and preventing business litigation. You can save time and money by utilizing our comprehensive contract drafting and negotiation services. Below is the list of contracts we work with:
- Directors’ and Officers Liability
- Franchise agreements
- LLC and partnership agreements
- Supply agreements
- Software agreements
- Employment contracts
- Stock option, profits interests, and incentive compensation plans
- Non-compete agreements
- Licensing and distribution agreements
- Service agreements
- Manufacturing contracts
- Real estate agreements
Limited Liability Company Formation
The Georgia Limited Liability Company is currently the most common entity formed by small businesses. Benefits to performing business functions through a LLC include minimizing personal liability, flow through taxation, some degree of anonymity, greater asset protection, and business credibility.
An LLC should be formed through a business attorney according to the specifics of the owners and business to maximize liability shield, tax benefits, and business efficiency. An LLC can be formed with the help of a lawyer for the following reasons:
- Advice on Maximizing Asset Protection
- Attorney Service as Organizer
- Customized Company Agreement
- Advice on Transferring Assets to LLC
- Advice on Structuring Accounts and Finances
- Follow Up Consultation After LLC Formation
Business Law Entity Agreements
Generally, business entities with multiple owners will want to put in place an agreement that memorializes their structure and operation. There must be parties able to contract, a consideration moving to the contract, the assent of the parties to the terms of the contract, and a subject matter upon which the contract can operate.
The following list are typically addressed in multiple business ownership agreements:
- Structure of corporation, partnership or LLC
- Shareholder, partner or member Involvement
- Elimination of undesirable owners
- Buy outs and dissolution
- Change of Control
- Minority Owner rights
Having A Well-Drafted Ownership Agreement Will Minimize Potential Disputes And Ensure Clear Expectations.
We are happy to provide a free 15-minute consultation session if you need quick guidance on whether a more in-depth meeting is needed. The free 15-minute sessions can be done either through a phone call or virtually.