Bylaws For Llc In Georgia
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Corporate bylaws are legally required in Georgia. Georgia code § 14-2-206 (2021) requires the incorporators or board of directors to adopt bylaws.
LLCs are not required to have bylaws. However, they are governed by an operating agreement which is like a corporation's bylaws.
Bylaws outline how the corporation will operate, including procedures for board of director meetings, shareholder voting rights, and officer duties. Operating Agreements: LLCs rely on these documents to govern their internal affairs.
Georgia state law doesn't require you to have an operating agreement, but it does give “maximum effect” to freedom of contract, so a strong operating agreement can give you a lot of control over your LLC in this state.
The document required to form an LLC in Georgia is called the Articles of Organization. The information required in the formation document varies by state. Georgia's requirements include: Registered agent.
Georgia state law doesn't require you to have an operating agreement, but it does give “maximum effect” to freedom of contract, so a strong operating agreement can give you a lot of control over your LLC in this state.
The Bulk Transfer Act, O.C.G.A. § 11-6-101 et seq., preserves a creditor's remedy against the goods, not against the transferee personally, and permits a creditor to pursue goods in the hands of a transferee as though they still belonged to the transferor.
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Georgia residents are subject to Georgia state and U.S. federal laws. Federal laws apply in Georgia as they do across all 50 states. In addition to the U.S. Constitution, which is the supreme law of the U.S., federal laws include statutes that are periodically codified in the U.S. Code.
