by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a non-profit in Georgia? A non-profit is a business with a mission that qualifies for special tax treatment under the IRC and state revenue codes. The mission must be to undertake a task that the government deems a public necessity or good. A non-profit is...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Nomination Committee in Georgia? A nomination committee is a select group of directors on a corporate board charged with identifying nominees for election to the board. The roles and responsibilities of the Nomination Committee is a part of the corporate...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
Use this as a guide through the entity choice, creation, structuring, and funding process. More specifically, it will walk you through the considerations and steps to selecting and forming a business entity and then setting that entity up to carry on business. It...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What are the main characteristics of a limited liability partnership in Georgia? A limited liability limited partnership (LLP) is a special, hybrid entity recognized in most states. The LLP has characteristics similar to a general partnership (GP), but has limited...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What are the main types of business entities in Georgia? The main types of business entity discussed in this chapter are: Sole Proprietorships – The sole proprietorship is not considered a separate business entity, but it is the basis from which business...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What are the many variations in characteristics of the ownership structure of the corporations in Georgia? At the time of formation, a corporation authorizes shares to issue to shareholders in exchange for capital. Promoters and Stock Subscription Agreements –...
