Georgia Pre Registration
Georgia Pre Registration allows companies to establish a legal identity in the state of Georgia. It is also referred to as"business entity" registration. To register a business in Georgia, a licensed agent may be required to act on behalf of the provider. This agent must adhere to all laws regarding corporations and registered brokers. He must also file reports with the Secretary of State on behalf of the provider.
Georgia enables a business to become more busy in the market after it has been in operation for a year. In case the company is newly organized, its name has to be submitted to the Georgia Corporation Commission for approval. On entry, the name of the business, its officers, its business purpose and goals, and its own financial condition must be presented for acceptance. The Commission will examine whether the company meets all the requirements needed to set it as a legal business in Georgia. The business also needs to offer a copy of its complete yearly report and the financial statement.
To be granted a certificate of enrollment, the corporation must also submit two sets of certifications. One is known as the"Resident Certificate of Registration", which proves that the business has permanent residency in Georgia. The other set of files is known as"Commercial Action Certification". It certifies that the company has been conducting a trade or business within the nation.
Georgia Pre Registration permits a company to have two cards. One is the Company Identification Card. This card may be used by authorized representatives and officials of the business, to display their business cards. It also acts as evidence of identity. Business entities can use this card to record tax returns.
Georgia Pre Registration also allows the company to purchase or sell real estate within the nation. They may get a permit to operate a company and open a temporary office. There are also some concessions extended to company owners. They do not have to pay the appropriate tax, or receive a business permit. They aren't required to give liability insurance. They're even exempted from paying the franchise tax.
After Georgia Preregistration, the business entity must submit three years of annual reports. They have to also submit several copies of this registration. Attempting to do so contributes to penalty fine. Failure to comply with these requirements results in withdrawal or suspension of enrollment.
Every business entity must disclose their location and any other information which could be deemed applicable by the nation. The company must also maintain records. These records include the names and addresses of all partners and owners of the business. Ownership data has to be confirmed by the state. Tax records also have to be maintained.
If a business entity fails to register with the Georgia secretary of state, it forfeits its standing as a legal business entity. Fines are incurred for each day that the non-registered business remains in performance. Penalties can be assessed if the company doesn't become registered within a year. It has to also pay penalty charges if it fails to achieve certification. Georgia Pre Registration ensures compliance with state and federal legislation.