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How Much Does It Cost to Form an LLC in Georgia?

How Much Does It Cost to Form an LLC in Georgia? The state of Georgia requires LLCs to file Articles of Organization and pay a $100 filing fee.

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Introduction

An LLC, or limited liability company, is a business structure that provides personal liability protection and tax benefits.3 min read

If you’re starting a business in Georgia, you may be considering forming an LLC. An LLC is a business structure that offers personal liability protection and tax benefits.3 min read

The process of forming an LLC in Georgia is relatively simple and can be done online or by mail. The total cost of forming an LLC in Georgia will be $100-$300, depending on the filing fees and whether you use an lawyer or professional service.

Here’s an overview of the cost to form an LLC in Georgia:
– Filing fees: $100-$300
– Registered agent fee: $50-$100 per year
– Professional service fees: $200-$500
– Total cost: $350-$900

The Cost of Forming an LLC in Georgia

The cost of forming an LLC in Georgia is $100. The LLC must also file an annual report with the state, which costs $50. So, the total cost of forming and maintaining an LLC in Georgia is $150.

The Filing Fee for Forming an LLC in Georgia

The filing fee for forming an LLC in Georgia is $100. The LLC must also pay an annual registration fee of $50 to the state.

The Cost of an LLC Operating Agreement in Georgia

An LLC operating agreement is not required by the state of Georgia, but it is highly recommended. This document outlines the ownership and management structure of your LLC, as well as the rules and regulations that will govern the operation of your business.

While an LLC operating agreement is not required by the state, if you do not have one in place, your LLC will be governed by the state’s default rules. These rules are not always favorable to LLC members, so it’s generally in your best interest to have an operating agreement in place.

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The cost of an LLC operating agreement in Georgia will vary depending on the size and complexity of your business. However, you can expect to pay anywhere from $100 to $500 for a basic LLC operating agreement.

How to Form an LLC in Georgia

A limited liability company, or LLC, is a business structure that combines the personal asset protection of a corporation with the flexibility and tax benefits of a partnership. To form an LLC in Georgia, you must file Articles of Incorporation with the Georgia Secretary of State. The filing fee is $100.

Step 1: Choose a Name for Your LLC

Some things to keep in mind when you choose a name for your LLC:
-The name of your LLC must end with “Limited Liability Company” or “L.L.C.”
-The name of your LLC cannot be the same as any other business name already registered with the state of Georgia.
-You may not use words that are restricted by the state, such as “bank,” “university,” or “insurance.”

If you want to register a trade name for your LLC (i.e., a name that is different from your LLC’s legal name), you will need to file a “Fictitious Name Statement” with the Georgia Secretary of State.

Step 2: File the Articles of Organization

The Articles of Organization is the LLC’s founding document. In it, you’ll provide the LLC’s name, its purpose, the names of its managers or members, and the address of its registered office. You can either appoint a registered agent yourself or allow the LLC to be its own registered agent.

You will also need to designate a filing date and sign the Articles of Organization. Once you have completed the form, you can file it online, by mail, or in person with the Georgia Secretary of State. The filing fee is $100.

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Once you have filed your Articles of Organization, you will need to draft your Operating Agreement. This document outlines the LLC’s ownership structure, financial information, and operating procedures. It is not required by the state of Georgia, but it is highly recommended.

Operating Agreements can be simple or complex, depending on the needs of your LLC. You can find templates online or ask an attorney to draft one for you. Once you have completed your Operating Agreement, make sure each member signs it and keeps a copy for their records.

Step 3: Create an LLC Operating Agreement

After your LLC is formed, you’ll need to put together an LLC operating agreement. This document outlines the ownership and management structure of your LLC, as well as the rules and regulations for conduct within the company.

While not required by Georgia law, an LLC operating agreement can help prevent disputes among members and keeps your business running smoothly. If you do end up in court, having an operating agreement can also make it easier to prove that your LLC is a separate legal entity.

To create an LLC operating agreement, start by deciding on the following:
-How will decisions be made?
-Who will manage the LLC?
-What are everyone’s responsibilities?
-How will new members be added or removed?
-How will profits and losses be distributed?
-What happens if a member wants to leave the LLC or pass away?

Once you’ve decided on the above details, draft your operating agreement and have all members sign it. Keep a copy of the agreement in a safe place; you’ll need to refer to it from time to time as your business grows and changes.

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Step 4: Get an Employer Identification Number (EIN)

You will need to obtain an Employer Identification Number (EIN) from the IRS before you can open a business bank account or file for business licenses. To get an EIN, you can apply online, by fax, or by mail.

If you are a sole proprietor with no employees, you do not need an EIN and can use your Social Security Number for Tax Identification purposes.

Step 5: Comply With Annual Reporting Requirements

In Georgia, LLCs must file an Annual Report with the Corporations Division of the Secretary of State. The report is due by April 1st and can be filed online, by mail, or in person. The report must include the LLC’s name and address, the names and addresses of its members and managers, and the name and address of its registered agent. The filing fee is $50.

If you need to make any changes to your LLC’s information, you can do so by filing a Certificate of Amendment with the Secretary of State. The filing fee for a Certificate of Amendment is $30.

Conclusion

The answer to the question “How much does it cost to form an LLC in Georgia?” depends on a number of factors, including the type and size of your LLC, the state in which you form your LLC, and whether you use a professional service to help you with the formation process.

Generally speaking, it will cost between $50 and $200 to form an LLC in Georgia. If you use a professional service to help you with the process, you can expect to pay additional fees for their services.

Here's How To Create An LLC in Just Minutes!

*This applies to Virginia residents too!

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