|
What happens if an out-of-state corporation should file with the State, but does not? |
|
O.C.G.A. 14-2-1502 (profit) and 14-3-1502 (non profit) list the “consequences of transacting business without authority.” One possible sanction is that a corporation that should have obtained a certificate of authority, but does not, may not be able to file a lawsuit in the State of Georgia. A profit corporation that begins transacting business in Georgia and later decides it must file with the Corporations Division must pay $500 penalty.
|