Corporate Renewal Fee

A REMINDER TO MY CORPORATE CLIENTS

 

Georgia mapEach business entity registered or filed with the Office of the Secretary of State of Georgia is required to file an annual registration and to pay the appropriate renewal fee.

 

On the Secretary of State’s current website, the deadline for the annual registration renewal period on one page is listed as 11:59 p.m. on Friday, May 31, 2014, and on another the deadline is listed as April 1st of each year.  Just to be sure that you file in time, I would suggest the earlier date, April 1, 2014.   Any late filings will be charged a $25.00 late filing penalty fee as well as run the risk of administrative dissolution or revocation of the authorization to transact business in this State.  Any fees paid for filing a registration are non-refundable, regardless of your reason for seeking a refund.  Before proceeding, please confirm whether your entity’s annual registration is due for the current year only or for previous years as well.

 

When you file your annual registration, you will be providing a current record of your entity’s management structure, your correct mailing address, and the name and address of your Georgia registered agent.

 

The fee schedule is:

 

For-profit corporation, limited liability company (LLC),

limited partnership (LP)                                                                 $50.00

Non-profit corporation                                                                        $30.00

Foreign limited liability partnership (LLP)                            $25.00

 

Anyone who is unsure of the status of their entity may visit the Corporations Division website  (http://sos.ga.gov)  and search for their company by name or by control number.  If the status is “Active/Noncompliant” or “Active/Owes Current Year AR”, the entity likely owes annual renewal fees.

 

If you would like for me to help you or to take care of this for you, call me at 770-980-9096 or you can email me at nancy@nancyghertner.com.

 

 

 

Divorce, Alimony, Child Support, and Your Taxes

unhappy coupleDivorce is an emotional process during which time people are forced to make important financial decisions. Assets and liabilities have to be divided. Child custody and support must be determined as well as whether or not either party will have to pay spousal support to the other. On top of that, there are income tax issues that must be considered.

When the parties are unable to reach an agreement, the court will make the decisions for them. As for the division of assets and liabilities, Georgia is an equitable distribution state. This means assets and liabilities are divided according to what the court determines is fair. This does not necessarily mean the division will be an equal one.

Child Support

The law requires parents to support their children, including providing them with health care coverage. Georgia has established support guidelines based on the gross income of each parent. There is a child support worksheet the court uses in determining the Basic Child Support Obligation (BCSO) of each parent. The court may evaluate individual circumstances and deviate up or down from the BCSO. In most cases, the non-custodial parent will be obligated to pay a certain monthly sum to the custodial parent.

Spousal Support

Either spouse can request support from the other. According to Georgia law, the determining factor is based on one party’s need and the other party’s ability to pay. Some factors the court may evaluate include the length of the marriage, the financial situation of the parties and each one’s ability to be employed. The standard of living during the course of the marriage is also a factor.

Tax Considerations

Parents who pay child support cannot deduct their payment amount from their income taxes. The parent receiving child support does not claim it as income.

Spousal support payments are deductible and the receiving party must claim it as income. In some circumstances, there may be other tax issues that need to be discussed with the family law attorney.