L-1B Visa Overview

What is the L-1B Visa The L-1B Visa is an intracompany transferee classification for employees with qualified specialized knowledge. It provides the employee with a visa to work in a U.S. company affiliated with the foreign company in the employee’s area of expertise. Who can petition for the L-1B Visa? The parent, affiliate, subsidiary or branch of the foreign company …

The Patriot Act for Businesses

The Patriot Act requires banks and businesses to verify the identity of any new customer seeking to open an account or to engage in large purchase and sale transaction. The Act requires that financial institutions need to have in place a system for customer identification, verification, record keeping, customer notice, and data list screening. The Act also requires that the …

Overview of the Non-Disclosure and Confidentiality Agreement

What is a Confidentiality Agreement? A confidentiality agreement, also called a nondisclosure agreement or NDA, takes the notion of keeping a secret for a certain period of time. The legal definition of NDA is that it is a legally enforceable contract that creates a confidential relationship between two individuals or parties. Normally one person or party holds some secret information …

3 Legal Mistakes to Avoid when Starting a Business in the United States

Many people dream of being their own boss, and they can get very exciting when they believe they have finally found a way to implement their idea and present their product or service to the world. This is especially true if the business has a good chance of bringing in some quick revenue and profits. While enthusiasm is great, it …

A Brief Overview of the Non-Compete Agreement in Georgia

What is a Non-Compete Agreement? A Non-Compete Agreement, NCA, also known as a Non-Compete Clause, is a contract in which one party, normally an employee, agrees not to start a business in the same field as another party, normally the employer. This type of agreement restricts the employees or agents from becoming a competitor for a certain period of time …

3 Smart Ways to Deal with Business Partnership Disputes

Entering into a new business partnership can be exciting. Both partners have come together with a great idea and are filled with optimism about what the future holds. Naturally, they want to focus on the positive aspects of doing business, and they should — to a point. Just because it seemed like the new partners were on the same page …

Real Estate Due Diligence Checklist

Like people, real property is unique. No one property is exactly the same as another. When you are considering the purchase of the property, whether it be your residential principal home, or as an investor, the following list is a good set of guidelines to consider. APPRAISAL Typically, appraisers value properties using comparable sales, replacement costs, and the income approach. …

What is FATCA?

What is FATCA? FATCA stands for Foreign Account Tax Compliance Act, and it became law in March 2010. FATCA targets tax non-compliance by US taxpayers with foreign accounts. Its objective of the reporting of foreign assets; withholding is the cost of not reporting. FATCA tends to focus on reporting US taxpayers about certain foreign financial institution accounts and offshore assets …

If I incorporate my business, would my assets be protected?

Many business owners incorporate because they believe that incorporating will protect their personal assets if they get sued. Unfortunately, not following corporate protocols can break that shield, and the corporation can be subject to a piercing of the corporate veil.  Many business owners invest most of their time and energy on the development of their businesses and tend to forget …

Obama’s Executive Actions Will Ease Visa Restrictions for Entrepreneurs, High Skilled Workers, and Graduate Students

On November 20, 2014, President Obama’s executive order announcement also includes a plan to ease visa restrictions for high-skilled immigrants, graduates, and entrepreneurs. The President’s actions will “streamline legal immigration to boost our economy and promote naturalization.” Many business leaders have proposed this action to enable foreign nationals to enter and remain in the U.S. to engage in research, development, …