Opening a Georgia Limited Liability Company is very easy. For as little as $pless less than the state's filing fees, or just a nominal flat fee of $35 to begin, you may establish yourself as an Llc In Georgia immediately. It is very simple and requires only five straightforward steps. Your new company should be operational in less than one month from the date of its registration.
To file your Articles of Organization, visit the Secretary of State's website and complete the form. The form is available for download and must be signed by an authorized signor. If electronic signatures are required, the filing party must submit a signature electronically certified as originating from the United States and not from any foreign country. The completed application must then be filed with the appropriate filing authority in the county where you are registered. Failure to file your Articles of Organization within the correct time period will result in penalties and possible disincitation of your company.
Filing a fictitious name is not necessary when opening a Georgia Limited Liability Company. In addition, when choosing a business name, do not use the same business name that you used for registering your primary business. Georgia does not permit the use of the same business name for either. If you select a name other than your business name, the courts will likely invalidate the operation of your limited liability company. If you select a business name that is confusing or potentially confusing to potential customers, you run the risk of your limited liability company becoming a public nuisance.
How to Form an LLC In Georgia
Step two on how to form an in Georgia LLC is to pick your legal entity. There are a few different types of entities that can be used in Georgia including: corporations, LLCs, partnerships, and sole proprietorships. You should choose a type of entity that best illustrates your business' structure and management. You should also pick an entity that will best serve your general needs, which may be a C corporation for manufacturing, or a partnership for distributing goods. Once you have chosen your legal entity, you will move onto the third step on how to form an in Georgia LLC.
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The next step on how to form an in Georgia LLC is to hire a qualified Georgia registered agent. Georgia does not require any form of capital for operating a LLC, so there is no need to obtain one. If you do decide to obtain a capital, the good news is that you can usually get one after paying your filing fees and paying a small administrative fee. Once you have picked an agent, you will move onto the fourth step on how to form an in Georgia LLC.
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After you have hired your Georgia registered agent, he or she will complete the paperwork necessary to set up your company. After completion, he or she will deliver this paperwork to the secretary of state. Your company will now need a business license, which is obtained via the state's commerce department. The company will then submit a fictitious name statement, which explains who the LLC name is associated with. After reviewing your fictitious name statement, the secretary of state will issue your new LLC business license. This completes the process on how to form an in Georgia LLC.
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Depending on your business structure, your new LLC will be taxed at the same level as your sole proprietorship, C corporation, partnership, or S corporation. The first thing that you will need to do is file a notice of assessment with your county clerk. This is important because when you're incorporating, you must provide your new business with either a statutory or real estate tax. Generally, all of these taxes are calculated by the county office with the help of their tax planners and accountants. If you fail to file a notice of assessment, you may be assessed late fees and penalties.
After filing your notice of assessment, your next step will be to decide what type of tax you will be paying. Georgia LLCs are considered decedents for federal tax purposes, and there is no double taxation if one member is not a US citizen. If your state has a corporate tax, there is no double taxation for LLCs, as long as the members are US citizens. There are several types of deductions available, including the self-employed deductions, but the single-member llcs are the best for both federal and state tax purposes.
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