by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What are the main types of business entities in Georgia? The main types of business entity discussed in this chapter are: Sole Proprietorships – The sole proprietorship is not considered a separate business entity, but it is the basis from which business...
by Jason M. Gordon | Feb 23, 2025 | Agency Law
Duties of a Principal to an Agent in Georgia? Generally, a principal owes the following duties to the agent: Duty to Compensate – An agency relationship may be paid or gratuitous. The terms of an agency may be laid out in the agency agreement. If the agency...
by Jason M. Gordon | Feb 23, 2025 | Agency Law
What is required to form a principal-agent relationship in Georgia? An agency relationship is created in the following manners: Express Agreement – A principal and agent may expressly agree to form an agency relationship. The agreement can be oral or in writing....
by Jason M. Gordon | Feb 23, 2025 | Agency Law
Types of Principal in Georgia? Principals are categorized based upon whether their identity is disclosed to third parties with whom the agent interacts on their behalf. Disclosed Principal – A disclosed principals identity is known to third parties dealing with...
by Jason M. Gordon | Feb 23, 2025 | Agency Law
What is Agency in Georgia? An agency relationship is one in which a party acts on behalf of and with the authority of another party. The principal appoints or authorizes the agent to act on her behalf. Thus, she is responsible for the actions of the agent taken...
