Collect Data For Legal Georgia LLC Resolutions Forms For Free

Completing a Notice of Transfer and Release of Liability (NRL) lets DMV know that you are no longer responsible for parking/traffic violations or civil or criminal actions associated with the vehicle after the date of sale.

The notice of transfer and release of liability is a notice a transferor gives to a transferee, informing them of their responsibility for the purchased car. The transferor is no longer legally responsible for any damages or liabilities of the sold vehicle, such as unpaid parking tickets, towing charges, etc.

The registered owner or the person in physical possession of a vehicle being sold/transferred must submit a completed REG 138 to DMV within five calendar days of the sale (transfer). This can be done using a printed REG 138 or online, using the Internet Notice of Release of Liability (IRL) on the DMV Internet website.

If your vehicle is currently registered and you decide not to use it, you must maintain insurance or notify DMV that you will not be using it by completing an Affidavit of Non-Use (REG 5090). Upon receipt of a REG 5090, DMV will cancel the registration.

Bylaws and resolutions are the initial decisions of your corporation's board of directors and basic "operating rules" of your corporation. An operating agreement is a key document used by LLCs because it outlines the business' financial and functional decisions including rules, regulations and provisions.

An LLC member resolution is the written record of a member vote authorizing a specific business action. Formal resolutions aren't necessary for small, everyday decisions. However, they're useful for granting authority to members to transact significant business actions, such as taking out a loan on behalf of the LLC.