In Georgia, the legal requirements for setting up a Limited Liability Company (LLC) include the following:
- Choose a name for your LLC: Your LLC name must be distinguishable from the names of other LLCs registered in Georgia. You can search for available names on the Georgia Secretary of State's website.
- File Articles of Organization: You are required to file Articles of Organization with the Georgia Secretary of State's office. The Articles of Organization must include the LLC's name, address, the name and address of the LLC's registered agent, and the names and addresses of the LLC's organizers. The filing fee for the Articles of Organization is $100.
- Appoint a registered agent: A registered agent is a person or entity appointed to receive legal documents on behalf of the LLC. The registered agent must have a physical address in Georgia.
- Create an Operating Agreement: Although it is not required by law, it is recommended that you create an Operating Agreement for your LLC. The Operating Agreement outlines the management structure of the LLC, the rights and responsibilities of the members, and the distribution of profits and losses.
- Obtain any necessary licenses and permits: Depending on the nature of your LLC's business, you may need to obtain additional licenses and permits from the state or local government.
It is important to note that LLCs in Georgia are required to file an Annual Report with the Secretary of State's office by April 1st of each year. The filing fee for the Annual Report is $50. Failure to file the Annual Report can result in the LLC being administratively dissolved by the state.
This advice is for informational purposes only and should not be relied upon as a substitute for legal advice from a licensed attorney. If you have any questions or concerns about setting up an LLC in Georgia, it is recommended that you seek the advice of an attorney.
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