When filling out the Georgia Articles of Incorporation form, many people make mistakes that can delay the incorporation process. One common error is failing to provide a complete name for the corporation. The name must include the word "Corporation," "Incorporated," or an abbreviation like "Inc." Omitting this can lead to rejection of the application.
Another frequent mistake is not specifying the purpose of the corporation clearly. The form requires a brief description of what the corporation will do. A vague or overly broad statement may not satisfy state requirements.
Many applicants forget to include the registered agent's information. This person or entity must have a physical address in Georgia and be available during business hours. Without this, the state cannot reach your corporation for legal documents.
Incorrectly filling out the address details is also a common issue. Ensure that the registered office address is complete and accurate. Missing or incorrect information can lead to delays or complications.
Some individuals neglect to mention the number of shares the corporation is authorized to issue. This is a crucial detail that affects ownership and investment. Be specific about the classes of shares and their par value, if applicable.
Another mistake is not signing the form. The Articles of Incorporation must be signed by the incorporator. Without a signature, the document is not valid and will not be processed.
Many applicants do not double-check for typos or errors in the form. Simple mistakes can lead to significant delays. Always review the form carefully before submission to ensure all information is correct.
Failing to include the filing fee is another common oversight. The state requires a fee to process the Articles of Incorporation. Be sure to check the current fee and include the correct payment method.
Some people do not keep a copy of the submitted Articles of Incorporation. It’s important to retain a copy for your records. This document serves as proof of your corporation's existence and can be necessary for various legal and business purposes.
Lastly, individuals often overlook the importance of consulting with a professional. While the form may seem straightforward, seeking advice from an attorney or accountant can help avoid pitfalls and ensure compliance with all state requirements.