What are the steps to form a limited liability company (LLC) in Georgia?
To form a limited liability company (LLC) in Georgia, there are several steps that must be taken:
- Choose a name for the company: The LLC's name must include the phrase "limited liability company," "limited company," "LLC," "LC," or other abbreviations or words that indicate that the company is a limited liability company.
- Choose a registered agent: The registered agent is the person or company that will receive legal documents on behalf of the LLC. The registered agent must have a physical address in Georgia.
- File Articles of Organization with the Georgia Secretary of State: The Articles of Organization must include the LLC's name, registered agent's name and address, the LLC's principal office address, the name and address of the LLC's organizers, and any other provisions that the LLC wishes to include.
- Obtain an EIN from the IRS: An EIN is a unique identification number that is used by the IRS to identify businesses. It is necessary for opening bank accounts and filing tax returns.
- File an Initial Annual Report with the Georgia Secretary of State: This report must be filed within 90 days of the LLC's formation and includes basic information about the LLC.
- Obtain any necessary business licenses: Depending on the nature of the LLC's business, it may be necessary to obtain additional licenses or permits from local, state, or federal government agencies.
- Create an LLC operating agreement: Although not required by Georgia law, an LLC operating agreement is a legal document that outlines the LLC's structure, management, and other important details.
It is important to note that there may be additional requirements or limitations based on the specific nature of the LLC's business and the jurisdiction in which it operates. It may be helpful to consult with a licensed attorney to ensure that all necessary steps are taken and that the LLC is formed in compliance with all applicable laws.