Guidelines For Georgia Incorporation
Incorporating In Georgia: 1. Make sure which legal structure to opt for your new venture and proceed carefully making sure all conditions are met.
2. A name has to be selected and registered after making sure that it is no copy of any existing registered business name or that it is not one that has been reserved. The name has to be appropriate for the nature of your business and not be obscene and must not exceed 80 characters including any punctuation or space used. It has to end in the words or their abbreviation "Incorporated," "Corporation," "Company," or "Limited."
3. There has to be a minimum of one or more incorporators, and they have to file the articles of incorporation with the Secretary of State of Georgia. A fee of $100 is charged, and processing time is usually 30 business days.
4. The articles must also contain a document providing the address of the initial registered office and principal office and the county it is in, as well as the name of its registered agent in that office. A list of the number of shares it is authorized to issue should also be included and may optionally contain other provisions such as statement of purpose, name and addresses of initial directors, details of classes of shares and their par value.
5. The registered agent must be either an individual who resides in Georgia whose business office is identical with such registered office or a corporation having a business office identical with the registered office.
6. It is necessary to publish a notice of filing the articles in a local newspaper, which serves as the county organ as per Georgian Law.
7. There must be one or more directors and they must be above 18 years of age. They are not required to be residents nor shareholders in the corporation.
8. The bylaws may be adopted, amended, or repealed by the directors unless otherwise specified in the articles. The bylaws have to be kept in the principal executive office.
9. The board of directors may appoint officers, who have to prepare, maintain and record details of the minutes, as well as authenticate corporate records. One person may hold more than two offices in the corporation.
10. Annual reports have to file from January 1 and April 1 or as the Secretary Of State of Georgia specifies. The initial report has to contain the name of the corporation, the address of its initial registered office and principal office, name and address of its directors and officers and registered agent.
11. Tax depends on the net taxable income of the corporation.
These are a few tips for incorporating in Georgia. There are firms that offer their services as well as products to help run successful businesses.
Related Tags: small business, business, incorporating
Alexander Gordon is a writer for http://www.smallbusinessconsulting.com - The Small Business Consulting Community. Sign-up for the free success steps newsletter and get our booklet valued at $24.95 for free as a special bonus. The newsletter provides daily strategies on starting and significantly growing a business.
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