Form Assignment Accounts With Multiple Accounts In Georgia
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FAQ
Corporate or LLC dissolution is an official filing with the state where your business was originally formed. The action will terminate the legal existence of your company — wherever it does business.
An entity administratively dissolved continues its corporate existence but may not carry on any business except that necessary to wind up and liquidate its business and affairs (O.C.G.A.
To add a member to an LLC in Georgia, you'll need to follow these steps: Obtain a copy of your LLC's articles of organization and operating agreement (if applicable). Determine the type of member you want to add. Prepare the necessary documents. File the necessary paperwork with the Georgia Secretary of State.
Can I Be My Own Registered Agent in Georgia? Yes, you have the option to designate yourself as a registered agent. It's important to note that you must be available at the registered office throughout standard business hours, and your personal information will enter the public record.
Administrative dissolution is an action taken by the Secretary of State that results in the loss of a business entity's rights, powers and authority. Reinstatement is the action taken that restores an administratively dissolved business entity's rights, powers, and authority.
The other way is an administrative dissolution which is simply the failure to file required paperwork with the state, to keep the company an active, recognized corporation under Florida law. Often, if this was not intended, you can reinstate the company, by filing the required paperwork (often along with a hefty fine).
A certified copy of your Articles of Organization or Articles of Incorporation can be ordered by mail, in person or online, but we recommend online. Online orders are immediate. Normal processing by mail takes up to 48 hours, plus additional time for mailing, and costs $10, for up to 50 pages.
LLC cons: Unlike a corporation, an LLC cannot issue shares of stock. Any new investor would need to become a member of the LLC, which is more complicated. Furthermore, many outside investors consider LLCs risky, and prefer to invest in corporations.
Business owners or entities in Georgia who wish to change their current legal structure or type of entity may need a certificate of conversion. This may include individuals or companies who want to convert from one type of business entity to another, such as from a corporation to a limited liability company.