This office lease provision states that it is an unpermitted assignment for partners to have a change in their share of partnership ownership and thus a default under the lease. Generally, this type of change in ownership is couched in those provisions dealing with changes in share ownerships of corporations.
Georgia Provision Dealing with Changes in Share Ownership of Corporations and Changes in Share Ownership of Partnership
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Limited partnerships in Georgia are required to register with the Secretary of State, but are governed by a Limited Partnership Agreement among the parties, and gen- erally do not have to contend with burdensome requirements for filings, publications, or record maintenance.
If you want to make the S Corp election, you must file additional paperwork. First, you'll file Form 8832 to let the IRS know that you want your LLC to be taxed as a corporation rather than a partnership. Then, you'll file Form 2553 to elect S Corporation status.
A parent corporation that owns at least 90 percent of the outstanding shares of each class and series of a subsidiary corporation may merge the subsidiary into itself or into another such subsidiary or merge itself into the subsidiary without the approval of the board of directors or shareholders of the subsidiary.
Articles of amendment may be filed online at or filed by paper by submitting this completed form to our office.
(a) Action required or permitted by this chapter to be taken at a shareholders' meeting may be taken without a meeting if the action is taken by all the shareholders entitled to vote on the action or, if so provided in the articles of incorporation, by persons who would be entitled to vote at a meeting shares having ...
Except to the extent the articles of incorporation or bylaws require that action by the board of directors be taken at a meeting, action required or permitted by this chapter to be taken by the board of directors may be taken without a meeting if each director signs a consent describing the action to be taken or ...
