Partnership in Georgia
Limited partnerships in Georgia allow enterprises to be formed with two types: general partnership and limited partnership. The limited partnerships benefit from the fact that they are shielded from accountability for the business’s obligations beyond their investment. The general partnership, on the other hand, remains individually liable for the partnership’s debts.
General partnerships, on the other hand, have the authority to make key choices about how the partnership will be run. Investors can invest freely knowing they are only liable for the money, equipment, or assets they invest in this partnership, which is popular with enterprises looking to generate capital.
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Register Partnership in Georgia with our professional assistance. Our representatives will guide you through the process. Press the button below and submit you inquire:
Partnership registration conditions
Even if there is no intent or legal agreement to form a partnership, it is formed when two or more persons agree to do business together for profit. While there are no formal filing or registration requirements to form a partnership, all businesses must comply with the same registration, filing, and tax obligations.
Timeline
It can take up to 7-10 business days to register.
Fees
It costs $110 to set up a partnership. Contact us to request our quote.
Compulsory regulation
A partnership in Georgia may utilize the individual partners’ surnames or a fictional business name. If you’re going to utilize a fictitious business name, it needs to be distinct from any other firm on the books. Because of common law and federal trademark law protections, it’s also a good idea to pick a name that isn’t too similar to another registered business. Run a search in any of the government’s databases to make sure your business name is available.
Documents
The following documents are required:
- Your company’s legal name, address, and postal address,
- The number assigned by the federal government (if applicable),
- Type of business (corporation, estate, fiduciary, LLC, partnership, sole proprietor, subchapter s corp),
- Owners, partners, or officers’ names and addresses,
- Owners’, partners’, or officers’ Social Security numbers,
- NAICS Code (North American Industry Classification System).
- E-mail address to contact.
Our team can prepare these documents for you.
Consultation about Partnership registration
Our consultation services for registering a Partnership are intended to assist you in each stage of setting up your business in Georgia. Our experienced advisors will help you with everything from preparing the initial paperwork to getting the required permits and registrations, ensuring a seamless and effective process. We offer tailored advice on legal obligations, share capital, and corporate structure to help you make well-informed decisions that support your business objectives.
Ownership management
Dealing with the ownership of a Partnership can be challenging but important. We offer services such as managing ownership changes, overseeing beneficial owners, and handling ownership transfers. We guarantee that all ownership adjustments are correctly recorded and meet the most recent guidelines.
Corporate structure changes
As your company grows, your corporate structure may also need to evolve. We offer a range of services to help make changes to your directors, update nominee details, or make other structural adjustments quickly and efficiently.
Share capital management
Managing your company’s share capital is essential for its financial well-being. Our services can assist you in raising, decreasing, selling, and transferring share capital, guaranteeing that all transactions are conducted accurately and in compliance with the law.
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