1. In Georgia, foreigners often conduct financial transactions (borrowing money, financing a business, buying something) through an oral deal or, in the best case scenario, on the basis of a handwritten that has not been notarized. In this regard, we would like to inform you that the Georgian legislation does not recognize similar financial operations and the documents do not have legal force. It is recommended, that you perform similar operations through a lawyer or notary.
2. In some cases, when making a financial agreement with the LLC, keep in mind that under Georgian law, LLC is liable only for its property and not for the property of its founder, so it is necessary to require it to provide the provision of the capital on which you sign the contract.
