2010 georgia code title 14 corporations partnerships and associations chapter 11 limited liability companies article 1 general provisions. A limited liability company llc is a business structure that is owned and managed by members who are granted limited liability unlike a sole proprietorship an llc provides a separation between personal assets and the profits of a business. In georgia the limited liability company act sets out the rules and procedures for forming operating and dissolving a limited liability company llcs are unique business entities that use characteristics of corporations as well as sole proprietorships and partnerships llcs offer substantial . The georgia limited liability company act the georgia llc act is 20 years old no longer considered a novelty the 568 john marshall law journal vol vi corporation as the preferred form for new business entities2 arguably however legal scholarship has not yet given this historic . The first georgia limited liability company was formed in 1994 under legislation passed the previous unfortunately in the move from corporations to llcs corporate law practitioners and businesspeople too often the georgia llc act comes of age by l andrew immerman and lee lyman a look at the law
How it works:
1. Register a Free 1 month Trial Account.
2. Download as many books as you like ( Personal use )
3. No Commitment. Cancel anytime.
4. Join Over 100.000 Happy Readers.
5. That's it. What you waiting for? Sign Up and Get Your Books.