Give your business a workout this year--learn how to make new year's resolutions for your company.
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Paige Stanley

About the Law Office of Paige Arden Stanley

The primary focuses of my law practice are in the areas of business law and estate planning.  I not only serve as outside general counsel for small business owners, but I also prepare wills, trusts, powers of attorney, and health care directives. My background in litigation allows me to successfully negotiate and protect my clients' interests. For more information, please visit my firm's website or contact me at ( 404) 386-9950 or

A Note From Paige

The new year is upon us, and you may have made some resolutions to improve yourself for 2014. Have you considered making New Year’s Resolutions for your  business as well? January is the perfect time to reflect upon your business’s strengths and weaknesses, set goals for the year, and learn skills that can help you achieve your goals.


 Have You Made New Year’s Resolutions for Your Business?

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The new year brings new challenges to businesses, such as new laws and the looming tax season. Over the past year, you may have also realized that you need to make some changes to yourself and to your business to make it run more efficiently. Now is the perfect time to audit yourself and your business, set new goals, and learn something new.

In January, take time to review:

Your Business Plan. If you have outgrown your original business plan, it may be time to reorganize, hire employees, or adjust your policies. If your business has changed dramatically over the past year, you may need to consider reorganizing as another type of company. There are a lot of issues that should be addressed when making such a decision. Let me help you with that.

Your Business’s Internal Policies. I have previously written about the importance of implementing a sexual harassment policy for your business. Review your existing policies and consider whether you need to add any other policies to your company’s standard practices. If you don’t have a policy, consider one. 

The Small Business Administration recently posted about how to avoid employee lawsuits--reading about others’ mistakes can help you recognize policies you need to implement this year. 

Tax Documents. Audit your recordkeeping practices; review your withholding and estimated taxes; and keep in close touch with your tax and financial advisors to make sure you begin your year free of any tax issues.

In addition to reviewing your policies and tax documents, you should take some time to learn something new this year to benefit your business practices. Here are some resources you should be aware of:

New Legislation. Regulations for the Affordable Care Act are still being implemented, but that isn’t the only law that will affect your business. Pay attention to the upcoming Georgia General Assembly session, which begins on January 13 and may discuss legislation that might affect your business. For example, Senator Donzella James has already stated her intention to introduce legislation that would increase the state’s minimum wage. 

Local news sites often feature legislative news, and the Georgia General Assembly website has a Bill Tracking page. For federal laws, the Department of Labor’s website provides assistance for small businesses at its searchable elaws site.

Small Business Administration. The Small Business Administration offers webinars and in-person events in addition to a frequently-updated website that provides assistance to small business owners. 

Massive Open Online Courses. Massive open online courses, or MOOCs, have grown in popularity over the past year. MOOCs are online courses that endeavor to provide open access to knowledge and to facilitate wide levels of participation.

One popular MOOC website is Coursera, which offers free courses from more than 80 universities and colleges in nearly every discipline of study. Many of these courses are available for self-study, giving you flexibility to work on the course when you have time. Browse Coursera or the course list at to find a course that will help you improve your business this year.

Setting and working on new year’s resolutions for your business can help you refocus and increase your company’s efficiency. If you’d like assistance reviewing any of your internal policies, call me at 404-386-9950 or email me. I can help you achieve your new year’s goals.
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Items in this Newsletter may be excerpts or summaries of original or secondary source material, and may have been reorganized for clarity and brevity. This Newsletter is general in nature and is not intended to provide specific legal or other advice.
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