Holding Company in Georgia
A holding company is a business that doesn’t run its operations, ventures or other active responsibilities. It exists for the sole aim of acquiring assets. In other words, the corporation does not acquire or sell any goods or services. Instead, it is established to seize control of one or more businesses.
Setup a Holding Company
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Holding company formation procedure
If you want to start a holding company, the first step is to learn about the procedure of forming the company in the state where it will be established:
- Choose a name for the holding corporation. Make sure the name is available with the secretary of state’s office.
- Follow the instructions to complete the articles of incorporation form.
- Include a statement stating the corporation’s objective.
- List the names and addresses of the holding company’s inaugural board of directors.
Requirements to form a Holding company
Your company’s business name, business agent’s name, and incorporation papers must all be sent to the state. You should do so for both your holding company and your operational firm if you haven’t previously. The aim, objective, names of officers, and company decision-making procedure should all be included in the articles of incorporation.
Necessary documents
List of required documents:
- Codes from the Standard Industrial Classification (SIC),
- Details of the directors – a minimum of one are necessary,
- Shareholders’ details – minimum of one necessary,
- Capitalization statement,
- Articles of Association and Memorandum,
- People in positions of power.
Form a Holding company in Georgia
We offer the best Holding Company registration and incorporation services in Georgia so you can get your business up and operate quickly.
Other legal forms in Georgia
In Georgia, a business can take several different forms, but the limited liability company is the most common. In addition, an investor has the option of forming a partnership or forming a joint-stock company (general or limited).