The National Agency of Public Registry (NAPR) receives the articles of association as part of a company’s incorporation documents. A standard statute may be sufficient if its prescribed rules fit the planned ownership, management, and decision-making structure. If the founders need their own provisions, individually drafted articles of association may be appropriate. These can set out responsibilities, representation, participation rights, decision-making procedures, and transfers of shares in greater detail. Before filing, check that all information required for the chosen legal form is included. Names, address, partners, shareholdings, management, and representation must not differ from the corresponding information in other incorporation documents. The provisions of the articles must also be consistent with one another and practically workable. Any amendment to a document should therefore be checked for its effect on the founding agreement, registry application, and other declarations. The choice between versions should take into account not only the lowest incorporation effort, but also the company’s planned cooperation and future development.
Articles of Association for NAPR Registration of a Company in Georgia
For NAPR registration of a company in Georgia, a standard statute or individually drafted articles of association may be used, depending on the circumstances. The chosen version must be complete and consistent with the founding agreement, registry application, and other declarations.
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