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Video Guide on Georgia Corporate Legal Forms management

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Commonly Asked Questions about Georgia Corporate Legal Forms

The 3 Most Common Business Structures Sole Proprietorship. In a sole proprietorship, youre the sole owner of the business. Partnership. A partnership is a non-incorporated business created between two or more people. Corporation. A corporation is a legal entity separate from its shareholders.
A corporation, sometimes called a C corp, is a legal entity thats separate from its owners. Corporations can make a profit, be taxed, and can be held legally liable. Corporations offer the strongest protection to its owners from personal liability, but the cost to form a corporation is higher than other structures.
The most common forms are sole proprietorship, partnership, and corporation.
Corporate bylaws are legally required in Georgia. The board of directors usually adopts initial bylaws at the first organizational meeting.
(b) If a corporation has no registered agent, or the agent cannot with reasonable diligence be served, the corporation may be served by registered or certified mail or statutory overnight delivery, return receipt requested, addressed to the secretary of the corporation at its principal office.
A profit corporations name is changed by filing an amendment to the articles of incorporation. Form CD 100 may be used for this specific purpose. Use of this form is optional. Articles of amendment may also be drafted pursuant O.C.G.A.
Three types of corporate business organization provide limited liability. The C corporation is the conventional or basic form of corporate organization. Small businesses may achieve liability protection through S corporations or limited liability companies (LLCs).
The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A limited liability company (LLC) is a business structure allowed by state statute. Legal and tax considerations enter into selecting a business structure.