The following are Georgia's requirements for directors of corporations: Minimum number. Corporations must have one or more directors.
There is no right or wrong answer, but companies should weigh the pros and cons carefully before making a decision. Private companies are not legally required to have a board of directors, but many choose to do so in order to create a structure of accountability and good governance.
Every public company must have a board of directors. Many private companies and nonprofit organizations will have a board of directors, often called a board of trustees, as well.
If your business is a corporation, then you are required by law to have a board of directors. Depending on your particular corporate structure and your state, one or two directors may be all that's legally required.
All business corporations—large, medium, and small—have boards of directors as required by the general corporation laws of the states in which the companies are incorporated.
If you fail to file a required annual or biennial report, you can face stiff penalties. These can range from fines imposed by the state to the state administratively dissolving or revoking your entity. Administrative dissolution means that you can no longer legally conduct business in a state.
How to File Articles of Incorporation for a Georgia Business Corporation Name. Declare your corporate name or provide a valid name reservation number. Stock. Indicate the number of shares authorized to be issued. Registered agent. Incorporator(s) ... Principal Business Address. Other Provisions. Special corporate structures. Name.
If you own an LLC, every year it is in business you must file an annual registration with the Secretary of State's Georgia Corporations Division.
You must file an annual registration for your LLC with the Secretary of State every year. If you own an LLC, every year it is in business you must file an annual registration with the Secretary of State's Georgia Corporations Division.