Georgia Pre Registration allows new businesses to establish a legal identity in state. In many jurisdictions, it is also known as "business entity registration". In Georgia, an authorized representative has to act as the business's agent for purposes of registering the business. The Georgia Corporation Commission provides this authority under the Georgia Laws. It was created by the Georgia legislature in order to discourage fraudulent businesses and protect the consumer.
Georgia's pre-registration allows an authorized representative of a business to be a private limited liability or non-profit organization. This allows them to structure and pay taxes more efficiently. This is only the first step in establishing a legal entity for your business. There may be further requirements to get registration. These will be clearly stated by the Georgia Corporation Commission.
Georgia does not limit the number of agents that can represent the business. It is important to determine if you need more than one agent in order to maintain your legal identity. The law restricts the number of agents that a business can have and you will have to apply for an additional license if you do. However, if you are required to have one, you will need to comply with the rules of the state in order for your Georgia Preregistration to be valid.
Georgia Pre Registration assists businesses with managing their accounts. It will not allow direct marketing campaigns to be used by the business entity. If the business wants to use direct mail or telephone marketing campaigns, these activities are permitted. The agents are supposed to follow the rules of the State regarding the campaign and submit reports to the authorities.
The Georgia Corporation Commission works to ensure that the procedures followed by the business are genuine. All information must be truthful and honest. This helps to protect the legal rights of citizens and prevents any form of fraudulence from taking place. Any agent must follow the rules of the court in order to come into a valid conclusion. False registration and misleading statements can result in severe penalties.
Pre registering a business is important for tax reasons. This will allow the business owner to legally incorporate his business in Georgia and receive the Franchise Tax Credit. This allows small business owners to save tax and receive incentive payments. This makes it easy and takes away all the worry.