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Recent Blog Posts

Be Careful What You Ask For

Ervin v. Turner, 291 Ga. App. 719 (2008).  In this case, a group of investors came together and formed a limited liability company, Local MG, LLC (the “LLC”) for the purpose of raising sufficient funds to operate a bank to…

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Judicial Dissolution

Judicial dissolution is the process through which the courts will wind up and liquidate a business entity such that its liabilities its assets are distributed to its owners, to the extent that there are assets with which to do so.  Judicial…

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All for One and One for All?

Many closely-held businesses are owned by a two or more individuals who are (or were) also friends, family members, or former co-workers.  Because of their prior relationship, these individuals enter into their business relationship with a certain amount of inherent…

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If It Looks Like a Duck, and Walks Like a Duck…

Aaron Rents v. Fourteenth Street Venture, LP, 243 Ga. App. 746 (2000).  The Court of Appeals affirmed the trial court’s determination that a partnership existed where an association formed by agreement between a judgment debtor and another individual constituted a…

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