1st: Select a state (Georgia) 2nd: Locate your selected state’s URL for its offi

Question

1st: Select a state (Georgia)

2nd: Locate your selected state’s URL for its office of corporations.

3rd: Read through the URL and answer the following questions:

Question 1:What kinds of entities are on file with the Corporations Division? Question

2:When must the selected state corporations file their first registration with the secretary of state, and how often must this registration be renewed?

Question 3:What must an out-of-state corporation do before it may transact business in the selected state?

Question 4:Is there a minimum age for officers of the selected state corporation?Are there a minimum number of officers required?

Question 5:What is administrative dissolution under the selected state’s law, and in what situation does it typically occur? Can a corporation regain its status after an administrative dissolution? How?

Explanation / Answer

Georgia Corporations Division

Question 1:What kinds of entities are on file with the Corporations Division?

Answer: Following kinds of entities / corporations are on file with the Corporations Division:

- Business

- Nonprofit

- Professional

- Limited partnerships, and

- Companies with limited liability

Question 2:When must the selected state corporations file their first registration with the secretary of state, and how often must this registration be renewed?

Answer: The first registration must be filed well within 90 days from the the incorporation date and registration be renewed annually from January 1 to April 1 thereafter.

Question 3:What must an out-of-state corporation do before it may transact business in the selected state?

Answer: As per the requirement listed in the Georgia Corporation Division, an out-of-state entities shall also file with the Corporations Division for doing business in Georgia.

Question 4:Is there a minimum age for officers of the selected state corporation?Are there a minimum number of officers required?

Answer: For the board of directors members, age requirement is 18 years. Except for them there is no age bar for officers of the Georgia state corporation. Board of the directors appoints the Officer and minimum three officers should be there to work as

- President

- Treasurer

- Secretary

Question 5:What is administrative dissolution under the selected state’s law, and in what situation does it typically occur? Can a corporation regain its status after an administrative dissolution? How?

Answer: In case of an entity fails to an annual report in timely manner or could not maintain as a registered office then The State Secretary may dissolve an entity administratively. Entity can avoid an administrative dissolution by paying all the applicable fees well within 60 days when the dissolution notice is received from the administration.

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