The requirements for forming an LLC in Georgia are as follows:
- Choose a name: The name of the LLC must end with "LLC" or "Limited Liability Company." The name must also be unique and not already in use by another business in the state.
- Appoint a registered agent: The LLC must appoint a registered agent in Georgia who is authorized to receive legal notices on behalf of the company.
- File Articles of Organization: The Articles of Organization must be filed with the Georgia Secretary of State. This document includes basic information about the LLC, such as the name, address, and contact information.
- Pay the filing fee: The filing fee for an LLC in Georgia is $100. This fee must be paid at the time of filing the Articles of Organization.
- Create an operating agreement: While an operating agreement is not required by law in Georgia, it is recommended to create one to define ownership, management, and distribution of profits among the LLC members.
- Obtain any necessary licenses or permits: Depending on the nature of the business, it may be necessary to obtain additional licenses or permits to operate in Georgia.
It is important to note that certain businesses, such as banks and insurance companies, may not form as an LLC. Additionally, failure to comply with the requirements for forming an LLC could result in the company being dissolved or loss of limited liability protection. It is recommended that individuals seek the advice of a licensed attorney in Georgia for further guidance on forming an LLC.
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