The procedure for incorporation in the State of Georgia is simple and less cumbersome. The legal requirements are easy to understand.

1. Select the Name of the Corporation

The first step to incorporate in Georgia is selecting the name for the company. The name cannot infringe on a trademark or service mark.

A reservation fee of USD 25 is to be deposited. The name is reserved for 30 days.

The legal concept of incorporation is recognized all over the world. In the United States, Corporations

are identified by the term incorporated Added after the business name such as XYZ Instruments, Incorporated, or by putting the word corporation in the name of the company, as in Netscape Communications Corporation. In Germany, Austria and Switzerland, the GmbH (limited liability business association) as well as the AG (stock market traded business association) are the most common comparable concepts. In the United Kingdom, the titles Ltd (abbreviation for limited company) or plc (abbreviation

For public limited company) are used for corporations. In France, Spain, Portugal, Poland, Romania and South America the title S.A. is used for corporations. Norway used AS for stock corporations and Sweden uses AB, Italy uses Srl (limited Liability Company) and SpA (stock Corporation). The Netherlands uses NV and Singapore uses Pte Ltd meaning private limited which is the equivalent of a U.S. incorporated entity. In India Ltd is used to denote public limited company and Pvt Ltd is used to denote private limited company.

ARTICLES OF INCORPORATION IN GEORGIA

The name of the corporation must include a corporate suffix such as Corporation, Corp., Incorporated, Inc., Company or Co...

Number of shares the corporation is authorized to issue.

The main business of the incorporate in Georgia is to be mentioned. Location of the principle place of business is to be mentioned. Also location of the registered office of the corporation is to be mentioned.

Particulars of Directors are required to be mentioned in the articles of incorporation. The details required to be mentioned are number of initial directors, their names and addresses. Details of Owners or shareholders of the Corporation need not be filed with the Corporation. Also the details of Chief Executive Officer, Chief Financial Officer and Secretary are to be listed with the Corporation Division of the State of Georgia, the Principal place of business and mailing address of the corporation. the name and address of the initial registered agent. Also the name, address and signature of the registered agent are to be effected here. Registered Agent is the person authorized to receive service of court papers etc and to be personally located at the registered office, the initial principal address of the Corporation, name and address of the Incorporator and his signature.

Other aspects in Georgia are almost similar to requirements of other states like:

1. Holding of initial meeting of Directors to adopt bylaws, appoint officers and for issue of shares. But bylaws are not required to be filed with the Secretary of the State of Georgia. Bylaws are to be maintained by the Corporation itself.

2. Obtain Tax number from Internal Revenue Service

3. Opening of bank account

4. Appointment of Auditors

One of the recent trends in USA, China and India is greater movement towards federal structure whereby various states have different legal provisions. These states in turn are competing with each other to attract investments and new business incorporations in their respective regions so as to increase the employment levels and revenue earning sources. Special economic Zones, Export orient units, Export Processing Zones, Tax holiday islands all are output of such ideology. These regions have received huge investments in terms of billions of dollars in the last decade as inward investments. This investments and revenue have helped those regional governments to improve their infrastructure facilities at comparable levels that are exist anywhere in the world. Change Airport in Singapore, the new face of Beijing in China and changing face of business map in India are there for all of us to see and understand.

But the above recent development is not without flip side. There is uneven flow of capital investment among states in a particular country and fiscal discipline is thrown out of winds Because of political compulsions, States have started competing with each other on uneven scale and have made legal provisions which are not in conformity with central provisions or federal provisions. These issues are to be rightly addressed by economists.

One unique feature of incorporate in Georgia is renewal of annual registration requirement. This is required because the State wants to be confirmed about the continued existence of the Corporation. And also details about the latest details of the officers, agents and directors of the Corporation are to be informed. The first registration is made within 90 days of the date of incorporation and between January and April each year subsequently.

WHAT ARE THE LEGAL BENEFITS OF INCORPORATION

1. Protection of personal assets sole proprietors or partners are personally and jointly responsible for all business liabilities

A Corporation is a separate and distinct legal entity. This signifies that a corporation can open a bank account, own property and do business all under its own name. The main advantage of a corporation is that its owners, known as stockholders or shareholders, are not personally liable for the debts and liability of the corporation.

2. Transferable ownership

3. Retirement funds

4. Taxation benefits

5. Raising funds from sale of stock

6. Durability/life

7. Credit rating

STEPS INVOLVED IN INCORPORATION

1. Finding a name

2. Purpose or objects

3. Principal place of business

4. Number and type of shares

5. Registration fees to state

6. Corporate bylaw