Forming an LLC in Georgia (Preliminary information)
We have prepared a guide on forming an llc in Georgia, the cost of an llc to be formed in Georgia, forming an llc at the most affordable price, the tax system of Georgia companies and the steps you need to take at this stage.
Georgia Limited Liability Companies (LLC) is a legal structure created to protect your personal assets (such as home, car, bank account) in lawsuits filed against your business. Gerorgia LLCs can be used for business purposes as well as protecting personal assets. An annual report must be filed with the state of Georgia in the year following the formment of the company and each year for a fee of $50.
To form an LLC in the state of Georgia, to the Georgia Corporations Division . $100 must be paid to the state to apply for installation. After the process is completed, Articles of Organization will be delivered to you. When you receive the document, your Georgia LLC company has been officially established.
The registered agent company from which you will receive support will submit the documents mentioned for installation to the relevant authority in the state on your behalf during the installation phase. Thus, you do not need to take any extra action. To form your company, you can get online service from Northwest Registered Agent by paying the 39+ State filing fee.
Costs
| Service | Price | In installation | Annual |
| Fee to be Paid to the State During LLC Company Formment | 100$ | ✔ | – |
| Annual Filing | 50$ | – | ✔ |
- In addition to the installation fee, do not forget to add the Northwest Agency fee of $ 39 to the cost.
- You can renew your Northwest agency fee next year for $125 (address included)
What is Registered Agent?
Agencies that provide services for entrepreneurs who do not reside in the United States to form an llc, receive official documents from the state, and ensure that the company remains healthy are called Registered Agents.
When you decide to form an LLC in Usa, Northwest is one of the best options. Northwest provides a free mailing address for your company.
There are also different agencies, you can access the full list and detailed review page of other Registered Agent companies that establish LLCs from this link .
How to Form an LLC in Georgia?
You can form an LLC remotely in Georgia online, there is no need to visit the state in person. Additionally, non-US citizens are not required to provide identification or passport documents. You need a registered agent for the installation. This agency will prepare the documents required for the installation for you and submit them online to the state. If you deal with Northwest agency, you do not need to pay extra for the company address because this agency has mailing addresses in all US states and allows you to use this address. Other details are below.
- Determine Your Company Name: First, you must determine the name of your LLC company. Be careful not to conflict with company names already in the Georgia state database. As in every state, the state of Georgia has some name selection requirements, for example, the name you use must be FBI, Treasury, Department of State, Lawyer, Bank, University, etc. do not pass it. the company name you plan to use on the state website . Choosing a Name for an LLC Company for name rules .
- You can get a domain name for your company: Check if the website domain name you will create for the business name you choose has been registered before. With Namecheap you can quickly register an llc domain name so that no one else can get and use your domain name in the future.
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- Apply Online: Determine a Registered Agent to establish your company and keep it active. As long as your company remains open, receiving service through a Registered Agent is within the state's formation conditions. As a registered agent, Northwest is among the most affordable and highest quality options. here and order them to establish your company online. Northwest will carry out all transactions for you according to the order form in your application.
- Operating Agreement: The operating agreement, called the Operating Agreement, determines the management style and rules of the company. In many states, it is not required to be created. This operating agreement is not required in the state of Georgia, but Northwest will prepare one for you free of charge after company establishment and deliver it to you electronically. Although the state does not require it, it is recommended to create it, but you do not need to mail or electronically send this contract to the state, just keep the contract you have prepared and signed.
The approval period for the LLC company is 5-7 business days for the state of Georgia.
What happens after your LLC company is approved in the state of Georgia?
- After the company is formed, your LLC formment formation document (Articles of Organization) is delivered to you digitally by your agency.
- Once you receive the incorporation documents (digitally), obtain a Federal Identification Number (EIN) from the IRS. Without EIN, you cannot open a bank account or register for payment systems such as virtual POS (stripe) or paypal. You can also apply for an EIN yourself by filling out form SS4 and faxing it to the IRS. the guide here . The other option for EIN is to get a paid service. You can get EIN application service from us for $ 29. We can process it on the same day and carry out the entire process for you. this order form after company setup .
State Requirements and Taxes
Federal Taxes: All LLCs require a federal tax identification number, EIN. An EIN is basically the business version of a social security number and is used for important LLC functions. If you obtain your LLC company income from American citizens, you may be required to pay federal income tax to the state after a certain turnover.
State Requirements: In Georgia, LLCs must file an annual report with the state each year, with or without income. In Georgia, the annual report is called Annual Registration. Annual Registration fee in Georgia is $50 per year.
Georgia imposes a graduated individual income tax with rates ranging from 5 percent to 5.75 percent. An additional 5.75 percent corporate tax must be paid to the state of Georgia.
Sales Tax Rate in Georgia
Sales Tax in Georgia: If your LLC will sell goods to customers in Georgia, you must collect and remit sales tax. For this purpose, a record must be created through the Georgia department of revenue and the collected sales data must be paid to the state periodically.
Georgia Sales Tax Rate: %4
Obtaining Business Licenses and Permits
In Georgia, small business owners must apply for a business license appropriate to the type of business they operate or the service they provide. If they operate a restaurant, bar or convenience store that sells alcoholic beverages, they must also apply for an alcohol license to sell liquor in Georgia. All businesses must obtain a Georgia purchasing service license if they charge the public a membership fee for access. A purchasing service license is valid for one year and costs $50. The license must be renewed annually. You can learn how to register for a business license or service license by visiting www.georgia.gov
Annual Reporting
All LLCs incorporated in Georgia must remain in good standing and file an Annual Registration with the state each year.
Georgia LLC Annual Report Fee: $150 (must be paid annually).
Annual Report Payment Date: The annual report for a Georgia company must be paid between January 1 and April 1 of each year, beginning with the year following the formation of the company.
Georgia Annual Report Failure to Pay Penalty: If you pay the Annual Registration Fee after April 1, you will be required to pay a $25 late fee. If you insist on not paying the annual fee, the State will summarily administratively terminate your LLC.
For more information about taxes, you can check out the article Taxation in America
