BUSINESS FORMATION
Companies seem to dislike the term ‘turnaround consulting’ because it represents failure. The truth is that turnaround consulting represents success at realizing the company is going in the wrong direction. The only time the company fails is when it is not possible to do a turnaround anymore. We help companies pivot into more profitable directions where they can expand and grow. It is inevitable that companies will end up making a few mistakes; we help them correct these mistakes.
We help companies turnaround their non-profitable ventures into something that benefits them. Our specialty lies in understanding what makes a company special and what makes it tick.
Safety net & build wealth
You can transform your business to a revenue-producing asset that lets you work as much or as little as you want.
Business planning & strategy
Our clients are often surprised by the possibilities we present to them; by thinking outside the box we present exciting new ventures:
- Work fewer hours — and make more money
- Attract and retain quality, high-paying customers
- Manage your time so you’ll get more done in less time
- Hone sharp leadership skills to manage your team
- Cut expenses without sacrificing quality
- Automate your business, so you can leave for days,
Research beyond the business plan
We also ensure that the whole team is included in the process and that no one is left out during the turnaround. The most crucial part is ensuring some degree of financial stability during the turnaround.
This is the most worrying part for most clients going through or needing a turnaround; it means that incoming cash flows will change completely. We help ease these issues through fantastic financial projections and a realistic view of what can be accomplished.
Creating a list of potential qualified prospects for your service or product can be daunting when you’re beginning your business. However, this needs to be considered as a follow up on your Target Market Analysis so you can hit the ground running.
Business plan market
A strong business plan requires going beyond intuition and experience, and supporting your idea with fact-based market research. Investors need to have confidence in your understanding of the market, so don’t let yourself down by skimping on research. We have access to fee-based, subscriber-only resources such as:
- Don James/Semplice – Article and News Research
- VoltageBusiness – Company and Industry Research
- Goovers – Company and Industry Research
- IRISpace – Article and News Research
- Lexos-Nexos – Company, Industry, Market Research
- Plombett – Article and News Research
- Pronounce – Market Analysis report “Slices”
Competitor research & analysis
how can we help you?
Contact us at the Consulting WP office nearest to you or submit a business inquiry online.
We thought a lot before choosing the Financial WordPress Theme because we wanted to sure our investment would yield results.
Business formation services are essential for individuals and companies looking to establish a business in Georgia. These services assist in navigating the legal requirements for registering and setting up a business in the country, ensuring compliance with regulations, and minimizing legal risks. Additionally, these services help ensure that the business is established in a way that maximizes efficiency and reduces the likelihood of encountering legal or financial issues down the line. Stay with us until the end of this article to discover more about Georgia business registration.
Unlock your business potential in Georgia and pave the way for success and growth.
Types of Business Entities
Business formation and registry are crucial steps for any entrepreneur starting a business in Georgia. Different types of business entities can be established in Georgia, including Individual entrepreneur (IE), General Partnership (GP), Limited Partnership (LP), Limited Liability Company (LLC), Joint Stock Company (JSC), and Cooperative (Coop). Each type has advantages and disadvantages, and it’s essential to consider factors such as liability protection, taxation, and management structure when deciding which entity is best for your business.
How Do You Register a Company in Georgia?
Registering a company in Georgia is a requirement, and the process takes place at the Public Service Hall, also known as the House of Justice. The Hall offers expedited and streamlined services, going beyond the “one window” concept by providing all Ministry of Justice services, including business registration. The registration process requires submitting the Charter of Incorporation and other relevant documents and a signed application by the partners or their representatives. The signature on a company’s instrument of incorporation may require notarization, except if it is certified by the National Agency of Public Registry or another authorized administrative body or created in compliance with the Law of Georgia on Electronic Documents and Electronic Trust Services. Furthermore, please consider the following points:
1. It’s important to note that the registration process may have specific requirements and timelines depending on the type of business and industry. Still, If the documents are complete, this process will be done in one day.
2. The company registration certificate is digital and can be cited through a barcode.
All company registration documents are centralized in a portal, ensuring easy access and traceability.
3. When registering a joint-stock company, the minimum required capital is GEL 100,000.
4. In private joint-stock companies, any change in the company’s profile requires the consent of all the partners of that company.
5. Georgia business registration in its free zones follows completely different rules.
Legal and Regulatory Compliance
Compliance with legal and regulatory requirements is critical to doing business in Georgia. Businesses must adhere to labor laws, tax laws, and environmental regulations, among other requirements. It’s essential to work with a knowledgeable legal advisor who can guide you through the compliance process and help you stay up-to-date with any changes in the law. Additionally, businesses must maintain accurate records and regularly file reports with relevant government agencies to maintain good standing. By prioritizing compliance, businesses can avoid costly legal issues and build a strong foundation for long-term success.
How Can GEO Legal Help You with Business Formation?
GEO Legal offers comprehensive business legal consultancy services in Georgia, including assistance with business formation. Our experienced consultants can provide valuable guidance on all aspects of starting a business, from drafting a business plan to financial forecasting and strategic development. Additionally, we can help you with the process of gathering required documents like the legal address of a company, the brand name of a company, and more. With our deep knowledge of Georgian business laws and regulations, we can provide tailored advice and practical solutions to help your business thrive. Don’t forget to check out our “Residence by Investment” and “Entrepreneurship Residence” services.
how can we help you?
Contact us at the Consulting WP office nearest to you or submit a business inquiry online.
We thought a lot before choosing the Financial WordPress Theme because we wanted to sure our investment would yield results.
Business Formation in Georgia FAQ
Business formation services are essential for individuals and companies looking to establish a business in Georgia.
Individual entrepreneur (IE), General Partnership (GP), Limited Partnership (LP), Limited Liability Company (LLC), Joint Stock Company (JSC), and Cooperative (Coop).
Liability protection, taxation, and management structure.
CONTACT US FOR ANY QUESTIONS