Welcome to the Caucasus Translations first official blog post in category - Doing business in Georgia. I would like to start these blog post series with a very basic information on Legal forms of business in Georgia. As a translation professionals we can help you with a Georgian translation for submitting any paperwork to Georgian National Agency of Public Registry. Request a quote now!It is necessary to be registered as an entrepreneur-legal person to start a business in Georgia. Although it may sound like a lot of bureaucracy, in fact it's not! Georgia introduced simple procedures for registration as an entrepreneur-legal person and it takes only one day for this. In order to register a business, it is important to choose among various forms of entrepreneur – legal person, which differs from each other by its nature, obligations and responsibilities. Legal forms of business in GeorgiaThere are six legal forms in Georgia - one is for natural persons and rest of them are for legal persons. So meet the six forms of legal business in Georgia. (Source: Georgian State Revenue Service)Entrepreneur-natural personAs in many other countries you can register as an individual entrepreneur in Georgia as well, in case of this you are personally responsible with all your assets before creditors for the liabilities arisen as a result of their entrepreneurial activities. This form of entrepreneurship is pretty popular among local Georgian entrepreneurs.Society of Joint Liability (General Partnership)Partners are directly and personally responsible with all their assets before creditors for the liabilities of the Society.Commandit Society (Limited Partnership)Some of the Partners of Commandit Society (Commandit) are responsible with limitation for the liabilities of the Commandit Society and some of the Partners (Complementary) are responsible personally, fully and without limitation to the extent of their total assets.Limited Liability Company (LTD)The most popular legal form among Georgian and foreign businessman. Responsibility of the Partners is limited and is in proportion to the contributions they made to the Society.Joint Stock Company (JSC, Corporation)Another popular form for a business entities in Georgia. CooperativeNot very common form of business, but optional.Next time I will write about process how to actually register a business in Republic of Georgia.How can Caucasus Translations help you in this process? Simple, we are a local translation agency located in Tbilisi and we can help you with Georgian translation (and not only) for legal document translations. We understand the importance of accurate legal documentation. Accurate translation of legal documents, the translation of international contracts and agreements, foreign law, court documentation and government regulations depend on comprehensive knowledge of the legal terminology. Our highly specialized legal translators work with legal documents and are qualified in legal areas such as contract law, employment law or any other discipline you require.Request a quote!
