Georgia Pre Registration

Ensure that the broker is not a designated agent to get an LLC or DBA. Designated brokers are registered with the nation throughout the time that the company is open.

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Georgia Power of Attorney enables agents to act on behalf or in place of a principal. Principals could be individuals, corporations, LLC's, or a partnership. This service is commonly known as'pre-screening.' The broker receives a legal authorization to act on behalf of their principal. As an addendum to the Georgia Rules of Professional Conduct, a broker must:

Ensure that the Georgia Power of Attorney is not used for a purpose that's improper. For instance, a person might open a brokerage or accounting practice in the title of their main without getting a state permit. A business can be managed by an unincorporated limited liability company name. In cases like this, the broker is really working for the LLC and not the main. In the event the principal becomes bankrupt, the broker may no longer be authorized to act on his or her behalf.

The broker needs to ensure that the main maintains effective communication with him or her. It's important that the main receive timely notifications of filings, and notifications should reach the attorney at least 15 days prior to the filing. If a principal doesn't respond timely to communications by the attorney, the Power of Attorney may be revoked.

Make sure that the broker isn't a designated broker for an LLC or DBA. Designated brokers are registered with the state throughout the time that the business is open. This means that the broker will show up on the publications as the main. The issue happens if the business closes while the agent still has an LLC or DBA status. The result is that the individual who was listed as the principal will look as the'representative' on the books.

When the registration is finished, company owners will be required to file state and federal forms. These forms are available online. Instructions and complete templates for completing these forms are supplied. Business owners may also be able to receive printed copies of those forms. All files and registrations should be submitted to the Georgia Secretary of State by the close of the business year.

Because the registration enables a business owner to save money and time, most business owners decide to do it. Unfortunately, not all brokers create a smooth procedure. If an agent creates difficulties, a company owner might wish to consider hiring a more experienced practitioner. Although this type of support isn't normally required, it can help smooth out any potential complications during the enrollment procedure.