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When you incorporate or form a Georgia LLC, a separate entity is created that is distinct from its owners. This protects the owners’ personal assets because, in most cases, they are responsible only for the amount of money personally invested or guaranteed. Plus, operating as an LLC or corporation can increase your tax planning options, as well as credibility with lenders, potential customers, vendors and employees. If your principal place of business is in Georgia, it is likely that forming there, rather than in another state, will reduce your initial and ongoing costs.
In Georgia, you incorporate by filing Articles of Incorporation.LLCs must file Articles of Organization. Georgia requires that your business name be unique from other businesses operating in the state and include a corporate or LLC indicator. Unlike many other states, Georgia requires very little information on its formation documents beyond the entity’s name. A corporation must state the number of authorized shares. Every Florida LLC and corporation must appoint and maintain an in-state Registered Agent. Within 90 days of incorporation, a corporation must file its initial annual registration form, listing its three principal officers, And, both corporations and LLCs must file an annual report to stay in good standing.
Are you considering forming a company in Georgia? Learn about the requirements.