Paper

Law of the Republic of Georgia on Entrepreneurs

Prescribing Guidelines for Entrepreneurs and Entrepreneurships in Georgia
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This document presents the law on entrepreneurs and entrepreneurships in the Republic of Georgia. It is divided into set of articles that deal with the following aspects:

  • Meaning and scope of entrepreneurships;
  • Organizational and legal forms of enterprises;
  • Capital structure and profit distribution norms for enterprises;
  • Registration procedures;
  • Regulations applicable when acquiring existing enterprises;
  • Constitution as well as roles and responsibilities of governing and management bodies of enterprises;
  • Accounting and book-keeping norms;
  • Term of activity, liquidation, transformation, integration and division of enterprises;
  • Branch establishment;
  • Regulation related to participation of enterprises in other enterprises.

Further, the document also presents regulation with specific reference to different types of enterprises:

  • Company of solitary responsibility;
  • Commendatory company;
  • Company of limited liability;
  • Joint stock company;
  • Cooperatives.

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