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Fortunately, you can find many reputable companies on the Internet that sell “corporate kits” specifically designed for corporations planning to file documents that will officially establish their existence in Georgia or another state. These kits often provide guidelines for creating your corporations bylaws and articles of incorporation, two of your business’ most important documents.                                                                                                                                     …

Every day, news stories are published concerning corporations’ ongoing internal and external battles over specific corporate activities. If a party transacting business with a corporation later questions the validity of a negotiated deal or a shareholder suspects improper corporate behavior has occurred, litigation often follows.             However, courts must always first determine if the complaining …

An LLC is a rather unique type of business entity that combines different aspects of both a partnership and a corporation. Although its structure provides added flexibility while it’s being run, it can pose a few extra challenges once you decide to close it down. In fact, even the terms used for breaking apart and ending …

A “proxy” is the power a corporate shareholder gives to someone (usually acting as an agent) to handle the shareholder’s voting rights. In some instances, the individual helping the shareholder is simply referred to as “the proxy.” However, it’s more common to just say that s/he is the “proxy holder.”      In order to let someone …

Stated simply, a partnership is a business is owned by two or more people. All partners are required to contribute “to all aspects of the business – including money, property, labor or skill.” In return for all of this, they each share in all of the business profits and losses.             Although partnerships are not …

Since many entrepreneurs prefer a certain degree of personal control and flexibility when handling their business dealings, a large number of them (perhaps a majority) choose to form “close” corporations as opposed to the more traditional kinds. They believe that the positive attributes of this structure outweigh its negative ones. Here’s a brief summary of …

Various small paperwork errors sometimes derail attempts to establish valid corporations. For this reason, there are various terms used to indicate when a corporate charter is in good standing, or perhaps at least partially defective. While referencing these sometimes minor formation issues, it’s important to also note that some states refer to the document creating a …