Purpose

  1. Law
  2. Georgia Code
  3. Corporations, Partnerships, and Associations
  4. Limited Liability Companies
  5. Formation
  6. Purpose

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  1. A limited liability company may be formed under this chapter for any lawful purpose.If the purpose for which a limited liability company is formed makes it subject to a special provision of law, the limited liability company shall also comply with that provision.
  2. A limited liability company formed under this chapter has, unless a more limited purpose is set forth in the articles of organization or a written operating agreement, the purpose of engaging in any lawful activity.

(Code 1981, §14-11-201, enacted by Ga. L. 1993, p. 123, § 1; Ga. L. 1995, p. 470, § 15.)

Law reviews.

- For article, "The Georgia LLC Act Comes of Age," see 16 (No. 1) Ga. St. B. J. 20 (2010).

RESEARCH REFERENCES

ALR.

- Construction and application of limited liability company acts, 79 A.L.R.5th 689.


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