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Forming an LLC in Georgia
Forming an LLC in Georgia is not really a challenging task, but if you are a business owner with a hectic life-style, you may want to consider hiring an incorporation company to take care of it for you. If you decide to do the work yourself, you should ideally consult an attorney regarding the Operating Agreement, because an inadequate Operating Agreement can render you problems with the IRS when it is time to pay your taxes.
Forming an LLC in Georgia in 5 easy steps
- Select a name for your LLC. The name cannot be identical with the name of another LLC or violate any trademark. The name must contain an LLC identifier, e.g. Ltd Liability Company or LLC. When forming an LLC in Georgia, there are many restricted terms to avoid. If you want to use the terms “College”, “Insurance”, “Little League”, “Little Leaguer”, “Lottery”, “Medicaid”, “Olympic”, “Post Office”, “Postal Service” “Realtor”, “Trust” or “University”, you must first obtain a written permission or verification. The name of your LLC may not contain anything that the Secretary of State finds obscene. The name must also be no longer than 80 characters, including spaces and punctuation.
- File Articles of Organization at the Georgia State filing office.
- Have an organizational meeting and adopt your Operating Agreement.
- Get a Federal Employer Identification Number (FEIN) and arrange a bank account for your new LLC.
- Get a local business license for each city/county that you plan on being active in as an LLC.
Important facts to take into consideration before forming an LLC in Georgia
- In Georgia, the minimum LLC state filing fee is $100.00. (For 30 business days.)
- For an LLC formed in Georgia, the annual report must be handed in between January 1st and April 1st each year. The annual report fee is $30.
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