2025 Code of Georgia
Title 14 - Corporations, Partnerships, and Associations (Chs. 1 — 11)
Chapter 11 - Limited Liability Companies (Arts. 1 — 11)

Annotations

Notes

Ga. L. 1993, p. 123, § 1, effective March 1, 1994, repealed the Code sections formerly codified at this chapter, and enacted the current chapter. The former chapter, concerning foreign limited liability companies, consisted of Code 1981, §§ 14-11-1 through 14-11-19 and was based on Ga. L. 1992, p. 1865, § 1.

The Georgia Limited Liability Company Act was drafted by the Georgia Limited Liability Company Committee, an ad hoc committee of lawyers from the Business and Finance Law Section and the Taxation Section of the Atlanta Bar Association and the Partnership Subcommittee of the Corporate and Banking Law Section of the State Bar of Georgia. The Committee operated under the auspices of the Corporate and Banking Law Section and is composed of the following individuals:

Robert P. Bryant, Co-Chair Albert G. Moore, Jr.

Patrick G. Jones, Co-Chair Prof. William J. Carney

Michael E. Axelrod Robert J. Muething

Kendall L. Houghton Reginald J. Clark

Jeffrey R. Banish David W. Santi

Randolph A. Marks Theodore A. Erck, III

Charles R. Beaudrot, Jr. James A. Tramonte

Robert C. Marshall Dorothy B. Franzoni

Cassady V. Brewer Michael G. Wasserman

James F. McEvoy Bernard L. Greer, Jr.

Stephen L. Camp

The following individuals have provided special assistance to the Committee:

Hon. Thurbert E. Baker Thomas M. Boller

Janet K. Jackson George E. Hibbs

Deputy Director, Business Russell N. Sewell

Services and Regulation,

Office of the Secretary of State

Research References & Practice Aids

For note on 1993 enactment of this chapter, see 10 Ga. St. U. L. Rev. 79 (1993).

For article, “Effective Use of Limited Liability Companies in Georgia: An Overview of Their Characteristics and Advantages,” see 45 Mercer L. Rev. 25 (1993).

For article, “LLC Statutes: Use by Attorneys,” see 29 Ga. L. Rev. 693 (1995).

For note on 1995 amendments of Code sections in this chapter, see 12 Ga. St. U. L. Rev. 65 (1995).

For article discussing developments in Georgia law of business associations from June 1, 1996 through May 31, 1997, see 49 Mercer L. Rev. 71 (1997).

For survey article discussing developments in law of business associations for the period from June 1, 1998 through May 31, 1999, see 51 Mercer L. Rev. 127 (1999).

For article, “2006 Amendments to Georgia’s Corporate Code and Alternative Entity Statutes,” see 12 Ga. St. B. J. 12 (2007).

For article, “Aggregate-Plus Theory of Partnership Taxation,” see 43 Ga. L. Rev. 717 (2009).

For annual survey on business associations, see 71 Mercer L. Rev. 15 (2019).

O. C. G. A. Title 14

Annotations

Notes

Ga. L. 1993, p. 123, § 1, effective March 1, 1994, repealed the Code sections formerly codified at this chapter, and enacted the current chapter. The former chapter, concerning foreign limited liability companies, consisted of Code 1981, §§ 14-11-1 through 14-11-19 and was based on Ga. L. 1992, p. 1865, § 1.

The Georgia Limited Liability Company Act was drafted by the Georgia Limited Liability Company Committee, an ad hoc committee of lawyers from the Business and Finance Law Section and the Taxation Section of the Atlanta Bar Association and the Partnership Subcommittee of the Corporate and Banking Law Section of the State Bar of Georgia. The Committee operated under the auspices of the Corporate and Banking Law Section and is composed of the following individuals:

Robert P. Bryant, Co-Chair Albert G. Moore, Jr.

Patrick G. Jones, Co-Chair Prof. William J. Carney

Michael E. Axelrod Robert J. Muething

Kendall L. Houghton Reginald J. Clark

Jeffrey R. Banish David W. Santi

Randolph A. Marks Theodore A. Erck, III

Charles R. Beaudrot, Jr. James A. Tramonte

Robert C. Marshall Dorothy B. Franzoni

Cassady V. Brewer Michael G. Wasserman

James F. McEvoy Bernard L. Greer, Jr.

Stephen L. Camp

The following individuals have provided special assistance to the Committee:

Hon. Thurbert E. Baker Thomas M. Boller

Janet K. Jackson George E. Hibbs

Deputy Director, Business Russell N. Sewell

Services and Regulation,

Office of the Secretary of State

Research References & Practice Aids

For note on 1993 enactment of this chapter, see 10 Ga. St. U.L. Rev. 79 (1993).

For article, “Effective Use of Limited Liability Companies in Georgia: An Overview of Their Characteristics and Advantages,” see 45 Mercer L. Rev. 25 (1993).

For article, “LLC Statutes: Use by Attorneys,” see 29 Ga. L. Rev. 693 (1995).

For note on 1995 amendments of Code sections in this chapter, see 12 Ga. St. U.L. Rev. 65 (1995).

For article discussing developments in Georgia law of business associations from June 1, 1996 through May 31, 1997, see 49 Mercer L. Rev. 71 (1997).

For survey article discussing developments in law of business associations for the period from June 1, 1998 through May 31, 1999, see 51 Mercer L. Rev. 127 (1999).

For article, “2006 Amendments to Georgia’s Corporate Code and Alternative Entity Statutes,” see 12 Ga. St. B.J. 12 (2007).

For article, “Aggregate-Plus Theory of Partnership Taxation,” see 43 Ga. L. Rev. 717 (2009).

For annual survey on business associations, see 71 Mercer L. Rev. 15 (2019).

O.C.G.A. Title 14