Jeremy Laney

Georgia allows a company to become more active in the market after it has been in operation for one year. In case the company is newly organized, its name must be submitted to the Georgia Corporation Commission for acceptance. On submission, the title of the company, its officers, its business goal and goals, and its own financial condition must be presented for approval. The Commission will examine whether the company meets all of the requirements required to establish it as a legal firm in Georgia. The company also needs to provide a copy of its full yearly report and the financial statement.

To be granted a certificate of enrollment, the company must also submit two sets of certificates. One is called the"Resident Certificate of Registration", which demonstrates that the company has permanent residency in Georgia. The other group of documents is known as"Commercial Activity Certification". It certifies that the company has been conducting a trade or business within the state.

Georgia Pre Registration permits a firm to have two business cards. One is the Business Identification Card. This card may be used by licensed agents and officers of the company, to exhibit their business cards. It also acts as evidence of identity. Business entities can use this card to file tax returns.

Georgia Pre Registration also allows the business to buy or sell property within the state. They may obtain a license to operate a company and start a temporary office. Additionally, there are some concessions expanded to company owners. They do not have to pay the right tax, or get a business license. They are not required to give liability insurance. They are exempted from paying the franchise tax.

After Georgia Preregistration, the company entity should submit three years of annual reports. They have to also submit a few copies of this registration. Attempting to do so contributes to punishment fine. Failure to abide by these requirements results in withdrawal or suspension of enrollment.

Every business entity must disclose their location and any other information that could be deemed applicable by the nation. The company must also maintain documents. These documents include the names and addresses of partners and owners of the business enterprise. Ownership data must be verified by the condition. Tax documents also have to be maintained.