Annual Corporate Maintenance 

After formation of a legal entity, Georgia law requires that certain requirements be met for the entity to remain intact and to preserve liability protection. For instance, an entity must, at a minimum keep registration forms and fees current with the Secretary of State. For corporations, a meeting of the shareholders and directors must be held at least annually, with the minutes of each meeting kept on record. In addition, an entity must be operated in a manner that is both financially and otherwise distinct from its interest holders. For example, the entity’s checking account should not be the personal checking account of an interest holder.

While individual owners have the knowledge and interest to run their business, they often lack the planning and expertise required to meet their business’ legal obligations. Thus, once a legal entity has been formed to shield liability, MLF Company Support works with our clients to ensure that all legal obligations are timely met.

MLF Company Support helps our clients comply with various statutory formalities by, among other things:

  • Filing Georgia annual reports with the Secretary of State, including advancing payment of the current year’s filing fee;
  • Attending annual meetings of shareholders, directors or members of the corporation or limited liability company and preparing minutes thereof, as requested;
  • Discussing with company officials, as requested, matters that must be addressed at the annual meetings;
  • Performing an annual legal analysis to determine the status of the business’s compliance with law and possible advantageous tax strategies, as requested;
  • Maintaining the “corporate books”; and
  • Serving as the registered agent for the business in Georgia for service of process.
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    1950 North Park Place, Suite 400 Atlanta, Ga 30339
    Phone: 770.956.1000 Fax: 770.956.1002