What steps do I need to take to form a limited liability company (LLC) in Georgia?
To form a limited liability company (LLC) in Georgia, you will need to follow the steps outlined below:
- Choose a name for your LLC: You will need to choose a unique name for your LLC that includes "Limited Liability Company" or "LLC." You can check whether the name you want to use is available by conducting a name search on the Georgia Secretary of State Corporations Division website.
- Prepare and file articles of organization: You will need to prepare and file articles of organization with the Georgia Secretary of State Corporations Division. The articles of organization must include the name of your LLC, the purpose of your LLC, the name and address of your registered agent, the names and addresses of your initial members, and the effective date of your LLC's formation.
- Appoint a registered agent: You will need to appoint a registered agent for your LLC. The registered agent is responsible for receiving legal documents on behalf of your LLC. The registered agent must be a legal resident of Georgia or a corporation authorized to do business in Georgia.
- Obtain business licenses and permits: Depending on the nature of your LLC's business, you may need to obtain business licenses and permits from the city or county where your LLC is located.
- Obtain an EIN from the IRS: You will need to obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). An EIN is a unique nine-digit number that identifies your LLC for tax purposes.
- Draft an LLC operating agreement: Although not required by law, it is recommended that your LLC draft an operating agreement that sets out the rules and procedures for operating your LLC.
- Comply with ongoing requirements: Your LLC will be required to file an annual report with the Georgia Secretary of State Corporations Division and pay an annual registration fee.
It is important to note that there may be additional steps or requirements specific to your LLC's business or industry. Therefore, it is recommended that you consult with a licensed attorney to ensure that you have met all the applicable requirements and deadlines for forming an LLC in Georgia.