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 specialists are the best on the market – they have vast experience in this field of activity. We also provide a consultation service for the opening of partnership in Georgia.
Accountancy
Every Georgia corporation is required by law to keep accounting records that are detailed enough to identify all of the firm’s financial activities. Furthermore, at the end of each fiscal year, every firm must file yearly financial statements with the Registrar of Companies.
Taxes
Georgia collects taxes at both the state and local levels. The federal government collects the most essential taxes, which include income taxes, corporation taxes, and value-added taxes. Property taxes and other levies are collected at the local level.
Bank account
If you decide to open a company in Georgia, you have to create a corporate bank account. This type of account needs for the main business of the company, for internal expenses, payment for services, and providing net income for private entrepreneurs.
Our team of Georgia business registration advisors can assist with the incorporation of any Georgian legal entity.
Other legal forms in Georgia
Other types of legal business structures in Georgia are Limited Liability Company, Branch Office, Holding Company. Press the button below to discover our company registration services:
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