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Important Reasons To Pre Register Your Business
Georgia Pre Registration allows new businesses establish a legal entity in the state. It is also called "business entity registration" in many jurisdictions. Georgia requires that a business representative be authorized to act as the agent of the business for the purpose of registering it. The Georgia Corporation Commission provides this authority under the Georgia Laws. It was created by the Georgia legislature in order to discourage fraudulent businesses and protect the consumer.
Under the Georgia pre registration allows the authorized representative of the business to be a non-profit or a private limited liability company. This allows them to structure their operations and pay taxes in a more efficient manner. It is necessary to understand that this is just a first step to establishing a legal identity for the business entity. There may be further requirements to get registration. These will be stated clearly by the Georgia Corporation Commission.
Georgia does not limit the number of agents that can represent the business. It is important to determine if you need more than one agent in order to maintain your legal identity. The law restricts the number of agents that a business can have and you will have to apply for an additional license if you do. But when the need for such arises, you have no choice but to follow the rules of the state for ensuring that your Georgia Preregistration is valid.
Georgia Pre Registration assists businesses with managing their accounts. It will not allow direct marketing campaigns to be used by the business entity. However, when the business wishes to use direct mail or telephone campaigns, then these activities are allowed. Agents are required to follow all rules and submit reports to authorities.
The Georgia Corporation Commission ensures that the business follows legitimate procedures. All information must be truthful and honest. This helps to protect the legal rights of citizens and prevents any form of fraudulence from taking place. To reach a valid conclusion, any agent must comply with the rules of court. There are penalties for false registration and misleading statements.
Tax reasons make it important to pre-register a business. This will allow the business owner to legally incorporate his business in Georgia and receive the Franchise Tax Credit. This helps the small business owner to save on tax and also has an added benefit of receiving incentive payments. This makes the process easy and you do not have to worry about anything at all.