What are the steps involved in forming a limited liability company (LLC) in Georgia?
In Georgia, forming a limited liability company (LLC) involves several steps. These steps include:
- Choosing a business name: The first step is to choose a unique name for the LLC that is not already in use in Georgia. The name must end with “Limited Liability Company,” “LLC,” or “L.L.C.”
- Appointing a registered agent: The LLC must have a registered agent who can accept legal papers on behalf of the company. The registered agent must have a physical address in Georgia or be a Georgia resident.
- Filing Articles of Organization: The LLC must file Articles of Organization with the Georgia Secretary of State. The filing fee for this is $100. The Articles of Organization must include the LLC’s name and address, the name and address of the registered agent, and the name and address of the LLC’s members.
- Drafting an Operating Agreement: While not required by Georgia law, it is advisable to have an operating agreement that outlines the rules and procedures for operating the LLC. This can help avoid future disputes among LLC members.
- Obtaining any required licenses and permits: Depending on the nature of the LLC’s business, it may need to obtain various licenses and permits from the state, county, or city.
- Registering for taxes: The LLC must register for federal, state, and local taxes.
Once these steps are completed, the LLC will be officially formed in Georgia. It is important to note that there may be additional steps or requirements depending on the specific circumstances of the LLC formation. It is advisable to consult with a licensed attorney to ensure compliance with all applicable laws and regulations.