Are you thinking about how to form an llc in georgia? It is easy to do so. But just as easy is the headache that comes along with it. Because a new LLC in Georgia cannot operate or do business without the express approval of the Secretary of State. Forming an LLC in Georgia has become much more complex because of recent changes in the law. Luckily, there are some simple steps that you can take to make it go much smoother.
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How to Form an LLC in Georgia - The first step to take when considering how to form an LLC in Georgia is to decide if you will be better served by being a general business, a limited liability company, a corporation, or a sole proprietorship. Each choice has its own advantages and disadvantages. For example, a sole proprietorship is often seen as a good option for domestic businesses because it is the most simple to set up and operate. But, even a sole proprietorship can quickly grow to be too large for your budget and unable to handle the expenses of operating an LLC in Georgia. If your domestic business receives over fifty percent of its total income from sales over seven hundred dollars a year, you may want to consider incorporating. Being a sole proprietor is also a poor choice for a foreign company that wants to avoid paying taxes in the country where it operates.
Forming an LLC in Georgia requires two things: a registered agent and a fictitious name. A registered agent serves as the principal officer of the LLC. A fake proxy can also be used as the registered agent if you choose. The first step to take in getting your LLC registered in georgia is to call the Secretary of State's office and ask for the forms and instructions.
How to Form an LLC in Georgia
The next step on how to form an LLC in Georgia is to open a bank account. Georgia allows an individual either individually or through their business structure to open a bank account. This saves time and money because you don't have to pay a state fee for opening a bank account. Also, you will not have to pay a separate tax on any personal assets you have in the account.
Once you have a bank account, you can file an original or amended tax return with the IRS using the tax filing software provided by the IRS. This eliminates the need for you to hire a tax attorney to file your return for you. On how to form an LLC in georgia, the last step is to file a fictitious name statement. You must provide your last and new names, addresses, and phone numbers at this time. You may have to pay a nominal fee for this service.
Forming an LLC in Georgia is very simple. However, it is necessary to read the laws closely and always follow the procedures exactly. LLCs are all filed electronically and by complete guidelines. If you do not follow the procedures properly, you could be subjected to fines. In addition, failure to pay the required annual filing fees could result in the cancellation of your registration. A Georgia Limited Liability Company (LLC) must be registered every year if it is to continue operating.
There are three options available to obtain an LLC certificate for operation in Georgia. The most popular option is to use the online filing option. However, many people find that using the on-line filing option is much easier and more time efficient. Most people find it convenient to use the online filing option because it can be done from their home computer, every year.
Once you have established an LLC in Georgia, all you need to do is to register the business with the secretary of state through the online filing process. After submitting the required documents, you will receive a certificate of registration. You will then have to send in the application fee and the transmittal to the office of the Secretary of State. Once all the required documents are received, your business will become registered and operational and you will receive the annual registration fee.
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