Legal Question in Business Law in Georgia
Use of Incorporation
Can a small business use the incorporated title without any benefits or penalties? For example ''Small Time Plumbers Imcorporated''. Thanks.
2 Answers from Attorneys
Re: Use of Incorporation
No. In order to be "incorporated" a business must file the appropriate documents with the Secretary of State and receive back a Certificate of Incorporation. Once there exists a corporation, the it is subject to tax. Holding out a business as incorporated is unlawful. The term, "incorporated" denotes that the business is a distict legal entity with certain rights and obligations.
Re: Use of Incorporation
Mr. Ballinger is correct. The rule against such usage is to preclude a sole proprietor from claiming incorporation in order to protect his personal assets from any lawsuits. If such a business could include the word "incorporated" and receive the liability protection, there would be no need to actually incorporate.
If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.
The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.
Glenn M. Lyon, Esq
MacGregor Lyon, LLC
Promenade II
1230 Peachtree Street NE
Suite 1900
Atlanta Georgia 30309
Phone 404.942.3545
Fax 404.795.0993
www.MacGregorLyon.com
Related Questions & Answers
-
Collection firms my husband runs a small painting business,we lost a lot of money... Asked 11/02/05, 5:46 pm in United States Georgia Business Law
-
Forced Out of Corporation I own 400/1000 shares and am listed as the Vice Pres. in a... Asked 10/17/05, 10:07 pm in United States Georgia Business Law
-
Debts of llc and other member lack of cooperation How do I expel other member of... Asked 10/14/05, 5:03 am in United States Georgia Business Law
-
Retirement benefits My wife and I have an amount of money in a retirement plan and... Asked 10/03/05, 2:08 pm in United States Georgia Business Law
-
Idea & Invention Protection I would like to patent an idea. how do i protect the... Asked 10/03/05, 11:03 am in United States Georgia Business Law