Limited Liability Companies

Pursuant to the Law of Georgia on Entrepreneurs (in Georgian: „საქართველოს კანონი მეწარმეთა შესახებ“), a Limited Liability Company (in Georgian: ”შეზღუდული პასუხისმგებლობის საზოგადოება“) may have one of the following organizational structures:

1. One or more Managing Directors (in Georgian: “დირექტორი”)/Board of Directors (in Georgian: “დირექტორთა საბჭო“) and a Supervisory Board (in Georgian: “სამეთვალყურეო საბჭო“).
2. One or more Managing Directors/ Board of Directors only.

Joint Stock Company

Pursuant to the Law of Georgia on Entrepreneurs, a Joint Stock Company (in Georgian: „სააქციო საზოგადოება“) may have one of the following organizational structures:

1. One or more Managing Directors/Board of Directors and a Supervisory Board.
2. One or more Managing Director/Board of Directors only.

Please see, respectively, “Managing Directors/Board of Director” and “Supervisory Board” in the left side menu for a more in-depth description of each structure, including how to change the respective board members.