A Limited Liability Company (LLC) is a business entity that offers certain limited personal liability on the part of the owner, like a corporation. It also offers the possibility of certain “pass-through” tax benefits, like a partnership. Therefore, an LLC is essentially a cross between a partnership and a corporation.
What does administrative dissolution mean? It means the corporation or limited liability company was “administratively dissolved” by the Secretary of State in ance with Georgia law. Upon dissolution, an entity may no longer carry on any business other than to wind up and liquidate its business and affairs.
Owning (directly or indirectly) an interest in or controlling (directly or indirectly) another entity organized under the laws of, or transacting business within, this state; or. Serving as a manager of a limited liability company organized under the laws of, or transacting business within, this state.
Georgia's wiretapping law is a "one-party consent" law for purposes of making audio recordings of conversations. Georgia makes it a crime to secretly record a phone call or in-person conversation "originating in any private place" unless one party to the conversation consents. See Ga.
Except as provided in Article 9 of this chapter or in a written agreement meeting the requirements of Code Section 14-2-732, each corporation must have a board of directors.
Corporate bylaws are legally required in Georgia. Georgia code § 14-2-206 (2021) requires the incorporators or board of directors to adopt bylaws.
Corporate bylaws are legally required in Georgia. The board of directors usually adopts initial bylaws at the first organizational meeting.