Home: Authors: Kevin Pratt
Attorney at Law

Status: Member since June 27, 2008
Location: United States of America
Articles: 36 Active Articles, resulting in 50077 views
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Kevin Pratt focuses his practice in business law, corporations and limited liability companies, real estate transactions, tax deferred like-kind property exchanges, secured lending, and real estate litigation. Kevin Pratt has assisted hundreds of entrepreneurs in the creation of business entities such as Corporations, Limited Liability Companies, or Partnerships to facilitate their particular needs regarding, taxation, financing and limited personal liability. After finding that a large percentage of Corporations and LLC's were not created and maintained properly, Kevin decided to focus his practice in these areas.

He received his Juris Doctor degree from the University of Georgia School of Law, where he was a member of the University of Georgia Honor Court. Kevin Pratt was a Semi-finalist in the Richard B. Russell Moot Court Competition, and Semi-finalist in the Melvin J. England Mock Trial Competition. He received his Bachelor in Business Administration, Summa Cum Laude, Accounting, from Georgia State University, where he simultaneously received Advanced Writing Honors from the University's School of Arts and Sciences. Kevin Pratt is licensed to practice before the Georgia Supreme Court, the Georgia Court of Appeals and the United States District Court for the Northern District of Georgia. He is a member of the State Bar of Georgia, Gwinnett County Bar Association, and the American Bar Association, and he is a Certified Public Accountant. He is also a part time adjunct professor at Georgia State University where he teaches American Law.

 

Without question the Limited Liability Company has become the most popular business form for small and growing business throughout the United States. Because of its tax benefits, flexibility, lack or required formalities, and personal legal liability protection from business debts and liabilities, it has surpassed the Corporation as the entity of choice.
A sole proprietor has unlimited liability and responsibility for the debts and obligation of the business. The owner's personal assets, including his or her home are at risk to the creditors of the business. Sole proprietors also have more difficulty obtaining institutional financing for growth. A sole proprietor is also not allowed a broad deductibility of medical insurance premiums as is an LLC or Incorporation.
The most essential thing for you to do when you get sued in small claim court is to gather information, tips and strategy to successfully defend your case. You need to know how to build your case through details of what is expected and presented as evidence. In today's economy, it appears that with the increase in number of foreclosures, job losses, and economy recession, number of new small claim lawsuits are on the rise.
There is nothing to be ashamed of when you consider filing for bankruptcy. Bankruptcy should be viewed as a fresh start, a way to revive your financial situation and start over again. When money is tight and your household is experiencing a crisis, sometimes your best option is to consult with an attorney to learn more about your options and possibility of filing for bankruptcy.
One of the most common ways to transfer property from one family member to another is with the quitclaim deed commonly referred to by the misnomer "quick claim deed". The quitclaim deed is usually the best way to "add" a family member or spouse to the title of a property.
A tax deferred exchange allows you to sell a piece of investment or business property, buy a new property with the gain or profit from the sale, and not owe taxes on the sale immediately. The 1031 tax exchange offers investors one of the last great opportunities to build wealth and save in taxes.
If you've taken on more debt than you can handle, don't be discouraged. You're not alone. Thousands of Americans are in the same boat, with many of them carrying huge debt loads. It doesn't matter how much money you make. If you can't live within your means, you become a slave to your creditors. This article is by no means a comprehensive treatise on financial planning. Nonetheless, what follows are a few strategies to regain your financial freedom.
Without question the Limited Liability Company has become the most popular business form for small and growing business in Georgia. Because of its ease of operation, tax benefits, flexibility, and virtually unmatched personal legal liability protection, it has easily surpassed the Corporation as the entity of choice for companies in Georgia and throughout the United States. In 2007, there were 56,323 new Limited Liability Companies formed in Georgia, compared to 26,103 new business corporations.
A Will is used to specify last wishes, distribute property to beneficiaries, and name guardians for minor children. It is an important part of any estate plan and when a person dies without a Will, the State will ultimately make these critical decisions for you.
Some individuals believe that it is best to have absolutely no debt. In some cases this is true, but if you are trying to get a loan, nothing could be further from the truth. In the eyes of a lender, an individual with no credit is almost as risky as an individual with bad credit. To the bank, you are basically a walking talking question mark, which makes you a potential liability and the number one thing a Bank is trying to avoid. Lenders are looking for a positive history of how you handle debt.
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