Running and Transferring a Business in Georgia

In day-to-day business operations, company information, contracts, invoices, payments and services actually provided must all align. Sales and e-commerce connect target customers, language, sales channel, payment and delivery. In consumer transactions, clear information about the provider, service, total price and any return rights is required, while customer data may be collected only for justifiable purposes and must be protected. General company registration does not automatically authorize every activity. Depending on the actual offering, licenses, permits, professional qualifications or registration in the Economic Activity Registry may be required. Changes to the activity, location, product range or operational procedures may trigger a new review. Having employees creates obligations relating to contracts, payroll, pensions, working hours, leave and occupational safety. The actual working relationship determines whether it constitutes employment or independent work. Gross pay, deductions, net payment and employer contributions must be accounted for transparently for each employee. Business management requires clear decision-making, representation and control rights. Powers of attorney, payment authority, system access and approval limits should reflect actual areas of responsibility. Delegated tasks still require oversight; sensitive operations can be safeguarded by separating preparation, approval, payment and subsequent review. Growth often ties up funds for personnel, inventory, locations, technology and longer payment terms before additional revenue is fully received. Expansion should therefore be based on demonstrated demand, positive unit margins, reliable processes and secured financing. Reorganizations also require coordinated resolutions, register changes, creditor protection, and tax and accounting planning. Recurring cash-flow shortfalls, overdue liabilities or declining margins call for an up-to-date comparison of available funds and obligations due. An out-of-court restructuring can combine voluntary agreements with creditors and operational adjustments. If these measures are insufficient or the company cannot properly meet its obligations, rehabilitation and insolvency proceedings should be considered. For succession or a sale, business valuation, financing, successor selection and the form of transfer must align. Depending on the legal form, company shares or individual assets, contracts, permits and decision-making authority are transferred. Bank rights, powers of attorney, system access and business contacts require a documented handover as of the agreed date.