Should you form your LLC in Georgia? We've collected the relevant information that will help you make this decision.

Pros

  • Taxed as a partnership
  • Low cost of living
  • Low taxes of 6%
  • Home to one of the top 20 metro areas in the US
  • Among top 10 best states for business (Forbes 2016)

Cons

  • Owners disclosed in periodic report
  • Competitive market

Cost of doing business

  • $100 filing fee / $50 annual statement

Privacy

  • Owners disclosed in periodic report

Forming a LLC in Georgia

The name
In order to communicate to the public that your new business is an LLC, its official name will need to end with one of the following signifiers (or abbreviation of): “Limited liability company”,  "Limited Company", “LLC”, or “L.L.C.” In addition, it is required that the name of your business is not intentionally misleading to consumers, for any reason. Your company’s new name must also be completely unique, and not deceptively similar to any other organizations name or trademarks. There are also restrictions placed on the use of certain terms in the insurance and financial industries. Do a FREE name search now.

Ownership
The owners of an LLC are called “members.” The following information must be required regarding your LLCs members:

  • Required number of members
    Georgia LLCs must have at least one member or manager listed in their incorporation documents.
  • Age restrictions
    LLC members in Georgia may be of any age.
  • Residence restrictions
    There are no residence restrictions imposed on LLC members in Georgia.
  • What information needs to be included in the Articles of Organization?
    Outside of the principal member, LLC Members in Georgia are not required to list their name or addresses in their Articles of Organization.

Requirements for the Articles of Organization

The Articles of Organization is a document that must be filed during the LLC formation process. Here is the information that must be included in this document when filing in Georgia:

Registered agent information
All Georgia LLCs must have a registered agent on file, and submit their name and address (which cannot be a PO box). This agent will be required to be accessible during standard business hours, and act as the state’s point of contact with the company. Learn more about registered agents.

If your business is a professional practice
Professional service companies are permitted to form under the professional limited liability company (PLLC) structure.

Georgia LLC taxation and fee requirements

There are several tax and fee requirements that must be addressed by LLCs in Georgia. They are as follows:

Taxation
All states have complex taxation requirements. For more information regarding taxes in Georgia, it is advised that you visit the state’s official business related website. 

Annual report requirements
LLCs in Georgia are required to file an annual report every year before April 1st. The cost of this filing is currently $50. Learn more about annual reports.

Tax identification numbers
Georgia requires an EIN (employee identification number) for all LLCs that will have employees, and most banks will require one to open accounts. Georgia also requires LLCs to obtain state tax ID numbers. Learn more about EINs.

Business license requirements

The business licenses and permits required in Georgia vary wildly depending on the county or municipality in which your new LLC is located. If you would like to see more in-depth information on licenses and permits, please feel free to visit the content in our learning library that covers business licenses and permits.

Need a Georgia corporation instead? Click here.