Continuing education. You have to do it. Simply getting your license isn’t enough. Did you know that in order to renew your license, you have to complete CE courses? In this video, we discuss the CE requirements so that you can continue running your business. Below is a transcript of the video: Dealer licenses expire […]
You have your business but do you have a license? In order to see vehicles in Georgia, you must get a dealer license and maintain a bond. In this video, we discuss the basic licensing and bond requirements. Below is a transcript of the video: The general rule of thumb is anyone selling five or […]
Documents aren’t enough. Operate the right way. When operating your business, it is critically important that you separate business activities from personal activities. In the video below, we discuss how to do that and why it is so important. Don’t make the mistake of using business resources for your personal benefit. Below is a transcript […]
Your business exists but is it protected? How do you protect yourself and your business from liability? The first step is to make sure you have proper corporate documentation. Without it, you could be subject to personal liability. That’s really bad. Check out this video for more information. Below is a transcript of the video: […]
Not a registered entity? How about a trade name. Let’s say your business is not one of the entities mentioned in the last video. Are you a trade name? A d/b/a? Do you even know what that means? Find out more by watching the video below. Below is a transcript of the video: Next, we’re […]
Now, we’re going to move on to auction sales, which is how most dealers get their cars. A lot of people don’t know that. A lot of folks that are not in the industry don’t recognize that most of these cars don’t come from trade-ins. Let’s go ahead and get started with the two main […]
In our next video in the Car Law Authority, we talk about Floor Plan Financing. If you have ever wondered what it is and how to get it, this video is for you. Check it out below. Next in the Georgia Car Law Authority program, we’re going to talk about floor plan financing. A […]
Government Compliance – Use the right forms! It shouldn’t surprise you that the motor vehicle is heavily regulated. The Federal and State governments regularly audit dealers, especially in regards to credit. Watch this video for a brief discussion on required forms and the easiest way to find them. The importance of complying with […]
Is your business set up correctly? The three most common business entities are corporations, limited liability companies, and sole proprietorships. In this video, we spend just less than three minutes going over the basics of each one. Check it out by clicking below. For our first video in corporate structure, we’re going to talk […]
