How to Form an LLC in Georgia - 5 Steps | StateRequirement (2024)

If you’restarting a business in Georgia, the first step you’ll need to take is toform a Georgia LLC. AGeorgia LLC will separate and protect your personal assets (that’s what the “limited liability” in a limited liability company means). It will also legitimize your business in the eyes of your potential customers.

This article will walk you through all the steps required to form your Georgia LLCand get your business started on the right foot.Be sure to bookmark this page, as the process may take you a few days from start to finish.

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How to Form an LLC in Georgia - 5 Steps | StateRequirement (1)Northwest Registered Agent ($29 + state fees)

See how they compare to other formation companies in our Best LLC Services review.

Steps to Form a Georgia LLC

Forming an LLC in Georgia on your own doesn’t have to be difficult. Just follow these simple steps below and your new business will be up and running in no time!

How to Form a Georgia LLC – Quick Version

  1. Choose a name for your LLC (andget the domain name)
  2. Assign a registered agent (learn aboutGeorgia registered agents)
  3. File Your LLC Articles of Organization (Georgia SOS Corporations Division Online System– $100 filing fee)
  4. Create Your Georgia LLC Operating Agreement (here’s afree template)
  5. Get an EIN (IRS EIN Assistant)

Or, skip the work and use a trusted LLC formation service. Our pick isNorthwest Registered Agent($29 + state fees).

Step 1. Choose a Name for your Georgia LLC

The first step to forming a Georgia LLC is to choose a name for your business. Deciding on the perfect name for your new business is one of the most crucial parts of starting a company. Choosing a name that’s easy to remember and stands out in search engine results will help you get more customers, which means more revenue, which leads to more growth!

When choosing a name, there are a few searches that you need to complete before you settle on the final option:

  1. Georgia LLC Name SearchSearch here – This is the database of all “taxable entities” in Georgia. Essentially, your name must be unique to all existing entities in the state.
  2. Domain Name SearchSearch here – You’ll want to ensure that your business’s name is available as a URL so that you can keep up your branding online. In many cases, the .com name may be taken. If this is the case, you can try adding “modifiers” to your name or use a different TLD (.co, .net, .biz, etc…) until you find an available domain name. Don’t skip this step. Even if you aren’t ready to start a website today, it’s important to register your domain name so that no one else snaps it up in the meantime.

Find a Domain Now

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3. Social Media Search – Depending on your business, you may want or need to have a strong presence on the different social media platforms. Even if you don’t think you’re going to use them, it’s still wise to search Facebook, Twitter, Instagram, LinkedIn, and any other socials to see if your handle is available.

Georgia LLC Naming Rules

The Georgia Secretary of State has a few rules when it comes to naming LLCs:

  • You must use an LLC designator (ie. “LLC” “L.L.C.”, or “Limited Liability Company”, etc…) in your LLC’s name.
  • You cannot use a designator that could confuse your LLC with another business type (ie. “Corp”, “Inc”, “Non-Profit”, etc…).
  • To use a term like “bank”, “university”, “law center” or other assuming words in your name, you must obtain approval from the proper authorities. This generally requires that your business hold the correct charters or have members with certain licenses before applying.
  • Your name can’t be so similar to another business name that it could confuse customers.

See this Georgia SOS Name Availability Standards page to see the rules and regulations governing the Georgia Limited Liability Company naming process.

Common Issue

The most common reason that LLC applications are denied is an issue with the name. If you follow the rules outlined above, you should be in the clear, but if you aren’t 100% sure then you may want to work with anLLC formation serviceto ensure you get it done right the first time.Our recommended LLC provider,Northwest Registered Agentis only $29 + state fees.

It’s worth noting that you should be fairly certain that the name you select is the name you are going to stick with. Changing an LLC’s name isn’t impossible, but there are a lot of headaches and fees associated with the process.

If down the road, you do decide that your LLC’s name no longer serves the branding of your business, a simple solution would be to create an assumed name (also known as a DBA). An assumed name allows you to keep your LLC name the same and operate under a trade name different from the LLC’s.

To learn more about naming businesses, check out our guide:Naming An LLC.

Once you’ve decided on a name that follows all of the guidelines above, move on to the next step.

Step 2. Assign a Registered Agent in Georgia

The Georgia Secretary of State requires all LLCs to appoint a registered agent.

A registered agent is a person or entity that is assigned to receive tax forms, legal documents, official notices, and any other documents or correspondence from the government on your business’s behalf. This person can be yourself, a friend or family member, another member of your business, or a hired registered agent service.

In order to act as a registered agent, the person or entity must:

  • Have a physical street address in Georgia (not a P.O. Box)
  • Be available at all normal business hours to accept service of process (official documents)

The registered agent will be assigned to the Articles of Organization when filed.

Recommended Service:

Northwest Registered Agentoffers their Georgia registered agent service freefor one year when you form your LLC ($29 + state fees) with them.

Visit Northwest Registered Agent

Should You Be Your Own Registered Agent?

A common question is whether or not you should “be your own registered agent”. Taking this position for your business is absolutely possible, but there are some downsides that you should think about before making this decision.

The first and most important downside in acting as your own agent is that you lose any anonymity that your LLC would have provided you. Since your LLC formation is a public record, this means that your name, address, and any other contact information will be available for anyone to see. This generally results in lots of junk mail, solicitations, and possibly even unwanted visitors at your home address.

The second issue is a bit less common but just as important for some folks. If you don’t have a physical address in Georgia, then you won’t be able to file for an LLC. This affects non-residents or those trying to form a foreign llc.

Fortunately, using a registered agent service solves all of these issues at a very low cost. These service providers hold a physical office in each state and make the process simple for small businesses.

Want to learn more about registered agents? Check out these articles for a deeper dive into their services:

  • Why You Need a Registered Agent
  • Benefits of a Registered Agent Service
  • Best Registered Agent Services
  • How to Find a Registered Agent in Another State

Step 3. File Your Georgia LLC Articles of Organization

After choosing your registered agent, the next step is tofile the LLC Articles of Organization with the Georgia Secretary of State Corporations Division. This is the document that actually forms your LLC as a separate legal entity.

With your application, you’ll need to pay theGeorgia LLC Filing Fee: $100.

The simplest way to file the document is online with the Georgia SOS Corporations Division eCorp System. You’ll need to create an account using the name of your business, an active email address, and a credit or debit card that you’ll use to complete your purchase.

If you don’t want to use the online system, you can also apply by mail. If you choose this option, you’ll need to download two separate forms: the Articles of Organization Form CD-030and the Transmittal Information Formfor Georgia LLCs. Fill the two copies completely and accurately. Mail both copies and a check (not cash) for the $100 fee to:

Corporations Division
Georgia Secretary of State
2 Martin Luther King Jr. Dr.
SE, Suite 313 West Tower
Atlanta, GA 30334

Step 4. Create Your Georgia LLC Operating Agreement

Once you’ve filed your Articles of Organization, your next task is to complete your Georgia LLC Operating Agreement.

A Limited Liability Company Operating Agreement is a governing document that lays out the inner workings of your business’s structure. Think of this document as something similar to a prenup, except a lot simpler and less expensive. It will protect the interests of all parties involved in the case of any sort of trouble in the future.

There are six articles in a standard Operating Agreement:

  1. Organization – Lays out the members and business structure of the company (ie. single-member, multi-member, series LLC, limited partnership, etc…)
  2. Management and Voting – Goes over how the management operates and votes about changes in the LLC
  3. Capital Contributions – Discusses initial and subsequent capital contributions made by members
  4. Distributions – Explains how the profits and losses will be distributed among members
  5. Membership Changes – Outlines how members are added and removed from the company
  6. Dissolution – Describes how the affairs of the LLC will be wound up in the event of dissolution

In Georgia, you don’t need to file your operating agreement with the state, but this doesn’t mean that you should skip this step. If you don’t have this document in place and something happens to you or another member, it’s possible that the state could step in to settle any disputes. It’s better to have everything lined up at the beginning, rather than wait until it’s too late.

If your business needs a Georgia Sales Tax License to operate, you will be required to submit your operating agreement in that application. More about tax licenses later.

Free Georgia LLC Operating Agreement Template

Our friends over atTRUiC offer afree Georgia LLC Operating AgreementPDF for download. It’s robust enough to handle the needs of most single-member LLCs. If you have a multi-member LLC, manager-managed LLC, or other, more complicated setup, they offer a fill-in-the-blank Operating Agreement for all other uses. It’s also free of charge.

Step 5. Get an EIN (Employer Identification Number)

The last formation step for your business is to get an EIN (Employee Identification Number). An EIN is essentially like a social security number for your LLC. The IRS issues EINs and will use it to keep track of your business’s tax reporting.

The main reasons that you’ll need an EIN are:

  • Opening a business bank account and/or credit card
  • Hiring employees
  • Tax purposes
  • Further separates your personal identity from your business

To get your EIN, head to the IRS EIN Assistant and fill out the form. One of the requirements to obtain an EIN for your business is that you’ll need to enter either your personal Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN). If you don’t have either of these, then you’ll need to jump through a few more hoops to get your EIN.

Check out TRUiC’s article ongetting an EIN as a foreign personfor more information.

Steps After Forming Your Georgia LLC

First off, congratulations on forming your LLC! Taking this first big step shows that you are serious about your new business and shows its legitimacy to the rest of the world!

Now that your LLC is formed and you have a separate legal business entity, you’ll need to take care of a few more things before you start selling.

Open a Business Bank Account

The main job of an LLC is to separate the business’s assets from you, the business owner’s personal assets. This separation is called the corporate veil. Essentially, it ensures that if your business is ever sued or has any other financial debts that your personal assets are sheltered from these liabilities. This is where the “limited liability” in LLC comes from.

The easiest way to break your corporate veil is to mix your personal bank account with your business’s. This mixing of funds is called commingling. This opens your personal bank account up to undue exposure and completely breaks the asset protection that your LLC was meant to provide.

The good news is that avoiding this danger is extremely simple. Open a business bank account using your EIN number, transfer any initial funds (keep a record of this transfer), and do your best to never cross personal and business funds in the future.

If you ever need to take money out of the business or invest more of your personal funds in just be sure to keep records of these transactions. This includes the transfers you make when paying yourself a “salary”.

Build Your Business Website

No matter what type of business you operate, you need a website in order for your customers to take you seriously. Almost all businesses transactions today start with an online search, so if you aren’t there to be found then your customers will find your competition. It’s that simple.

Luckily, it’s gotten a lot simpler to build and maintain a website on your own without any prior experience or knowledge of data science or code. Drag-and-drop website builders have improved to the point that anyone can get their business online with about a day’s work.

Our Recommended Website Builder

We recommend the GoDaddy Website Builder for all small businesses. It’s flexible enough to handle most types of small businesses andsimple enough to actually use. Its AI-powered generation process will help you to get your site up and running in about 5 minutes. Seriously. After that you can change the text and images to match your business and that’s it; you have a fully functioning website.

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Get the Proper Licenses, Permits, and Insurance

When starting a business, there are often several licenses and permits required before transactions can begin. Which licenses you need will depend greatly on the type of business you plan to operate and the location.

Georgia Business Licenses and Permits

Finding the specific licenses and permits your business needs to operate will start with a few simple searches. To get started, you’ll need to quickly search the websites of:

  • The state-level
  • The county-level: Georgia doesn’t require business licenses and permits at the state level, but you may need to get one from your county or city where your business operates. The Georgia Municipal Association: Member Citiesprovides a directory to check what business licenses and permits you need.
  • The city-level

Once you’ve identified the different location-based permits, you’ll need to acquire any licenses required by your industry. This includes licenses like the Georgia real estate license, the Georgia insurance license, the Georgia liquor license, etc.

Georgia Business Insurance

Once you’re up and running, it’s important to have the proper insurance policies in place for your Georgia business. Some coverages will be required by the state if you have employees, while others will be required by landlords. Others still are “optional” but widely accepted due to their protective nature.

A few of the most common business insurance policies are:

  • General Liability Insurance – Protects against claims of bodily injury, personal injury, or property damage. This coverage is generally required to rent office or warehouse space and to bid on certain jobs.
  • Professional Liability Insurance – Protects against claims of inaccurate or negligent work. This coverage is most common in the “professional” space where businesses offer services or advice to other businesses or consumers.
  • Workers’ Compensation Insurance – Protects your employees from on-the-job injuries or illnesses. Georgia requires businesses to carry workers’ compensation coverage that has three or more employees.

How Much is Business Insurance?

94% of businesses have a requirement for business insurance. Policies range in price, and the only way to understand the true cost for your business is to get a personalized quote.

Get Your Free Quote

Register Your LLC for a Georgia State Tax Permit

Certain businesses will need toapply for a Georgia State Sales Tax Permit.

Not all businesses are required to register for sales tax, but if your Georgia-based business engages in any of the following, then you will need to apply:

  • If your business sells or leases personal property (tangible items)
  • If your business offers taxable services

To apply, you need to register for the sales and use tax at the permit online through theGeorgia Department of Revenue Tax Center page.
LLCs will also be subject to unemployment tax requirements of the Georgia Employment Security Law.

For more information, visit theGeorgia Department of Labor page.

Georgia Annual Report

Georgia requires LLCs to submit an annual report (annual registration) to the Secretary of State. The fee for the annual report is $50. You can file the annual report online or by mail.

The filing for the annual registration with the Secretary of State is between January 1 and April 1 of each calendar year. Georgia fines a $25 late fee if you miss your filing deadline.

This report can be quite complicated depending on your business operations, so we recommend working with a licensed CPA to ensure you are filing correctly.

Georgia Secretary of State Contact Information

Mailing Address

Corporations Division – Georgia Secretary of State
2 Martin Luther King Jr. Dr. SE, Suite 313 West Tower
Atlanta, Georgia 30334
Monday – Friday, 8 a.m. – 5:30 p.m.

Contact Information

Email:Office of Secretary of State Corporations Division
Phone: (404) 065-2817

Georgia LLC FAQ

How much does it cost to start an LLC in Georgia?

Thecost to form a Georgia LLCis $100, plus additional costs when using an LLC formation service. We recommendNorthwest Registered Agentto help you throughout the LLC formation process.

How long does it take to get an LLC in Georgia?

The general filing time for Georgia LLCs is at 7 business days.

Can I start a Georgia LLC for free?

No. When filing an LLC in Georgia there is a $100 filing fee for all applicants.

What taxes do LLCs pay in Georgia?

While there is no state income tax or personal income tax in Georgia, there are several other Taxes that your LLC may encounter. We recommend speaking with a licensed tax professional to ensure you are filing and paying the proper taxes.

What is the cheapest way to get an LLC in Georgia?

The cheapest way to get an LLC in Georgia is to follow the steps above and file yourself. There is an LLC filing fee of $100, but this is required whether you file on your own or use anLLC filing service.

Can I be my own registered agent in Georgia?

Yes. Seeabovefor more information.

Do Georgia LLCs expire?

LLCs in Georgia don’t “expire,” but they can be dissolved. Georgia will dissolve your LLC within two years for failure to file an annual report. We recommend working with aprofessional registered agent servicewho will inform you of upcoming reports and even help you file them.

How to Form an LLC in Georgia - 5 Steps | StateRequirement (2024)


How to Form an LLC in Georgia - 5 Steps | StateRequirement? ›

Processing Time: 15 business days; Processing in 2 business days costs an additional $100. Processing in the same business day (if submitted before noon on a weekday) costs an additional $250. Processing in one hour costs an additional $1,000.

How do I fill out an LLC in Georgia? ›

ZenBusiness: Create your LLC in Georgia
  1. Step 1: Choose a name for your LLC. ...
  2. Step 2: Choose a registered agent in Georgia. ...
  3. Step 3: Obtain Georgia business permits. ...
  4. Step 4: File articles of organization and transmittal form. ...
  5. Step 5: Draft an LLC operating agreement. ...
  6. Step 6: Pay taxes, and comply with other state requirements.
Oct 28, 2020

How long does Georgia take to process LLC? ›

Processing Time: 15 business days; Processing in 2 business days costs an additional $100. Processing in the same business day (if submitted before noon on a weekday) costs an additional $250. Processing in one hour costs an additional $1,000.

How much does a LLC cost in GA? ›

The cost to start an LLC (limited liability company) online in Georgia is $100. This fee is paid to the Georgia Corporations Division when filing the LLC's Articles of Organization. We recommend Northwest ($29 + State Fees) to help form your LLC.

Do I need a business license if I have an LLC in Georgia? ›

All partnerships, corporations, and LLCs that are registering with the Department must register as a new business using the Georgia Tax Center (GTC).

How much is an LLC taxed in Georgia? ›

The corporate Georgia LLC tax rate is six percent of Georgia taxable income. It is payable by the LLC if C corporation status is elected, and by the members if S corporation status is elected. The net worth tax is also assessed, if the net worth of the LLC is more than $100,000.

What to do after registering LLC in Georgia? ›

We suggest you briefly familiarize yourself with a list of 9 steps that are best done immediately after registering an LLC in Georgia.
  1. Open a bank account. ...
  2. Get the electronic status of a tax payer and, if necessary, register for VAT. ...
  3. Check if a license is required. ...
  4. Appoint a manager, conclude an agreement.
Jan 8, 2021

Can I be my own registered agent in GA? ›

Yes, Georgia allows you to be your own registered agent as long as you live in the state. If you operate a multi-member LLC, you can also choose one of the member's to act as the agent. The state also allows a family member or friend to act as the registered agent.

Does an LLC expire in Georgia? ›

If you own an LLC, every year it is in business you must file an annual registration with the Secretary of State's Georgia Corporations Division. The annual deadline is April 1, unless you already filed for the current year via a multi-year registration.

How much does it cost to expedite an LLC in Georgia? ›

Two Business Days Expedited Service $50.00. Same Day Expedited Service $250.00.

How much is a EIN number in GA? ›

Applying for an EIN for your Georgia LLC is completely free. The IRS doesn't charge any service fees for the EIN online application.

Can my LLC affect my personal credit? ›

Situations Affecting Personal Credit

There are a few situations when a bankruptcy filed by a corporation, limited partnership, or LLC might affect your personal credit report. If an LLC has debts in its name, only the credit of the LLC is affected. The exception is if a member of the LLC guarantees the loan.

What are the disadvantages of an LLC in Georgia? ›

  • Disadvantages of Starting a Georgia LLC. While the benefits of a Georgia LLC are numerous, it's important to consider potential disadvantages as well. ...
  • Tax Treatment Disadvantages. ...
  • A Certain Level of Complexity. ...
  • Registration Expenses. ...
  • Registered Agent. ...
  • No Issuing Share Stock.

What are the benefits of an LLC in Georgia? ›

Benefits of Starting a Georgia LLC:
  • Separates and limits your personal liability from your business liability and debts.
  • Exemption from the Georgia Corporate Income Tax (conditions apply)
  • Simple filing, management, compliance, regulation and administration.
  • Easy tax filing and potential advantages for tax treatment.

Can you have multiple businesses under one LLC in Georgia? ›

Yes, you can have multiple businesses under one LLC.

running all the business activities under one LLC name, or. registering DBAs (“doing business as”), also known as Fictitious Names.

What business licenses are required in Georgia? ›

Some common licenses and permits a business will register for in Georgia:
  • Occupational Tax Certificate.
  • Building and Zoning Permits.
  • Sales and Use Tax Registration.
  • Professional License.
  • Alcohol License.
  • Food Sales License.
Aug 15, 2022

Do you have to pay taxes on LLC in GA? ›

The following businesses must file an income tax return with the state of Georgia: Corporations, partnerships, or LLCs that do business or own property in Georgia or receive income from Georgia sources. Any partnership or LLC that is treated as a partnership, with partners or members who reside in Georgia.

What is the minimum income to file taxes in Georgia? ›

The following individuals who live in Georgia must file a tax return: Those who filed a federal tax return. Single head of household individuals or married couples filing separate returns with gross income of more than $9,750. Married couples filing a joint return with gross income of more than $19,500.

What are the advantages and disadvantages of forming an LLC? ›

This business structure offers the LLC owners limited personal liability, a flexible management structure, easy formation and maintenance, and significant tax advantages. However, there are a few potential disadvantages of an LLC, including higher taxes and a lack of flexibility.

What do you do after you register your LLC? ›

I have an LLC, now what? 7 things you should do after you form an LLC
  1. Step 1: Complete any additional formation requirements. ...
  2. Step 2: Create an LLC operating agreement. ...
  3. Step 3: Fulfill other LLC internal requirements. ...
  4. Step 4: Obtain an EIN. ...
  5. Step 5: Open a business bank account.

How to start a new business? ›

Read on to learn about each step.
  1. Conduct market research. ...
  2. Write your business plan. ...
  3. Fund your business. ...
  4. Pick your business location. ...
  5. Choose a business structure. ...
  6. Choose your business name. ...
  7. Register your business. ...
  8. Get federal and state tax IDs.
May 3, 2023

Does LLC come before or after? ›

The comma before inc. or LLC

It's one thing to put LLC or Inc., in your name, but is it proper to place a comma before them? That's up to you. The states do not require or mandate the use of a comma between the title of your business and the corporation or LLC designation when naming your business.

Who can be a registered agent for an LLC in GA? ›

The registered agent may or may not be an owner, shareholder, or officer of the entity. Many entities use their attorney or a professional corporate service company for this service. The registered agent's address must be a street address in Georgia, and the agent must be located at that address.

How much does it cost to register a business name in Georgia? ›

Fill out the required information about your business entity (listed above). Pay the $100 filing fee by approved credit card: Visa, MasterCard, American Express, or Discover.

Can I use a PO box for my LLC in Georgia? ›

And the Registered Agent for your LLC in Georgia must have a physical street address in Georgia. PO Box addresses aren't allowed.

How long does it take to get a business license in Georgia? ›

How Long Does It Take to Process a Business License in Georgia? Once you have paid the appropriate application fees, you should generally receive your business license within 30 days.

How do I add someone to my LLC in Georgia? ›

How do I add a member to my Georgia LLC? To add a member to your LLC, you will need to amend your Georgia LLC operating agreement. Your operating agreement contains your members' names and addresses, so when you add a new member, you'll need to update the operating agreement with the new member's information.

How do I pay my 800 LLC fees? ›

If you start to operate an LLC business in California, you need to pay the first $800 fee in the 4th month after the approval of your LLC. You'll also need to pay another $800 in annual tax due date on April 15th every year. To pay the tax, you must file Form 3522, the annual LLC Tax Voucher.

How do I get an EIN number in Georgia? ›

The process of obtaining a tax ID in Georgia is simple to do online. When it is time for you to file for a federal tax ID, you can do so by visiting the IRS website. At the start of the application, you will be asked some questions to verify that you need the tax number.

How much is a certificate of existence in Georgia? ›

How much does a Georgia Certificate of Existence cost? To register as a Georgia Corporation. The fee is $10 for normal & online processing. $60 for expedited processing.

How much does a DBA cost in GA? ›

Filing fees for Georgia DBAs vary across all 159 counties in Georgia, averaging at around $170. On top of your filing fee, you'll need to shell out at least another $40 for a publication fee, because Georgia requires all businesses using trade names to publish a public notice in a local newspaper.

Is EIN the same as tax ID? ›

An Employer Identification Number (EIN) is also known as a federal tax identification number, and is used to identify a business entity.

What does EIN stand for? ›

An Employer Identification Number (EIN), also known as a Federal Tax Identification Number, is used to identify a business entity.

Is Georgia EIN free? ›

More In File

Applying for an Employer Identification Number (EIN) is a free service offered by the Internal Revenue Service.

Does buying a car under LLC affect personal credit? ›

One popular choice for buying a company car for an LLC is using a business line of credit. With this type of financing from Sunwise Capital, you can get approved quickly. We use a soft credit pull, which will not affect your personal credit, but you will need to have a good credit history.

What credit score does an LLC start with? ›

You're aiming for a score of at least 75 in order to start getting favorable terms and taking advantage of having a strong business credit rating. The basic steps to start the process of establishing credit for your LLC are as follows: Get an EIN from the IRS. Register for a D-U-N-S number.

Do LLCs build credit? ›

Absolutely! Operating as an LLC, S Corporation, or C Corporation is one of the most effective ways to begin establishing a credit record in the business name. That's because those entity types are separate, independent entities from their owners.

What is the downfall of a LLC? ›

Disadvantages of creating an LLC

Cost: An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. Many states also impose ongoing fees, such as annual report and/or franchise tax fees.

What should I avoid in naming an LLC? ›

Your LLC's name can't contain the words like “bank,” “trust,” “trustee,” “insurer,” “insurance company” or any other words suggesting you're in the insurance business (unless you are). You can't include things like “incorporated,” “inc.” or “corporation,” because your LLC is not a corporation.

What is the risk of LLC? ›

Risks of an LLC

Each business owner must analyze their circ*mstances to determine whether the benefits outweigh the risks. The following are some of the key risks to consider: Loss of Limited Liability. Although an LLC enjoys limited liability, poor practices could result in an LLC losing its liability shield.

What are 4 benefits of owning an LLC? ›

This article explores some of the benefits that an LLC can offer to its owners.
  • Separate legal identity. ...
  • Limited liability. ...
  • Perpetual existence. ...
  • Flexible management structure. ...
  • Free transferability of financial interests. ...
  • Pass-through taxation.

What are the three main advantages of the LLC? ›

For those thinking of starting an LLC, here are six of the main LLC benefits.
  • Limited personal liability. ...
  • Less paperwork. ...
  • Tax advantages of an LLC. ...
  • Ownership flexibility. ...
  • Management flexibility. ...
  • Flexible profit distributions.

What are the benefits of putting money in LLC? ›

The management flexibility, tax benefits and protection of personal assets offered by LLCs make it a great vehicle for investment opportunities. Since there can be more than one member, it's often the business entity of choice when multiple people are looking to invest in something as a group.

Can I sell different products under one LLC? ›

The answer is yes--it is possible and permissible to operate multiple businesses under one LLC. Many entrepreneurs who opt to do this use what is called a "Fictitious Name Statement" or a "DBA" (also known as a "Doing Business As") to operate an additional business under a different name.

What is a good name for an LLC? ›

List of 200+ business name ideas
  • BrightBoost.
  • Sparkling Solutions.
  • BoldBloom.
  • Proven Progress.
  • ThriveWorks.
  • Vision Ventures.
  • InnovateIQ.
  • PowerPlay.
Mar 20, 2023

Is it better to have multiple LLC or DBA? ›

Having multiples DBAs will not protect the assets and income of each DBA from the other DBAs. If one of your DBAs gets sued, all other DBAs under the LLC name will be liable. For liability protection purposes, it is better to have multiple LLCs for each of your businesses.

Do I have to register my business name in Georgia? ›

You do not have to register your business with the state of Georgia unless you are planning to incorporate, become a specific legal entity or if you plan to do business with the state. In which case, you will need to become a registered vendor through the Department of Administrative Services (DOAS).

How much is a self business license in Georgia? ›

Georgia doesn't have a general business license at the state level, so there are no fees there. However, your business may need a state-level occupational license or municipal-level license or permit to operate.

What is the proper way to write LLC? ›

Typically, your business's name must end with the words “Limited Liability Company,” company” or “Limited.” Or you can use abbreviations like “LLC,” “L.L.C.,” or “Ltd.” Usually, you can even opt to abbreviate the words “Limited” and “Company” as “Ltd.” and “Co.” (Most people just stick with “LLC”.)

Is Georgia a good state to form an LLC? ›

Advantages of a Georgia LLC

The Job Tax Credit, for instance, provides annual tax savings of $1,750 per job. At the same time, the Mega Project Tax Credit is available to businesses employing a minimum of 1,800 new employees or making a minimum investment of $450 million in Georgia.

How do I set up an LLC for a rental property in Georgia? ›

  1. Steps to Create a Georgia Rental Property LLC. Our experts know how to form an LLC in Georgia. ...
  2. Step 1: Name your Georgia LLC. ...
  3. Step 2: Appoint a registered agent in Georgia. ...
  4. Step 3: File Georgia Articles of Organization. ...
  5. Step 4: Create a Georgia Operating Agreement. ...
  6. Step 5: Apply for an EIN. ...
  7. Next Steps. ...
  8. How We Can Help.

Should I name my LLC after myself? ›

So, if you want to establish your company, it is essential to keep yourself personally connected to your brand. When you name an LLC after yourself, it serves as the best way to merge your identity with your business while getting all the legal securities offered by an LLC.

Does LLC come before or after the business name? ›

Many business owners prefer to put a comma before “LLC” to give some separation between the main business name and the words or abbreviation telling you that it's an LLC. The name “Isaac's Upholstery LLC” tends to run together, but “Isaac's Upholstery, LLC” is clearer to some people.

Does LLC go before or after a company name? ›

The comma before inc. or LLC

It's one thing to put LLC or Inc., in your name, but is it proper to place a comma before them? That's up to you. The states do not require or mandate the use of a comma between the title of your business and the corporation or LLC designation when naming your business.

What type of LLC is best? ›

When an LLC will be formed with multiple members, a general partnership is the preferred structure. This means that all owners take responsibility for transactions, debts, and taxes from the business. Each member can also determine when assets are sold, and he or she pays taxes on his or her business income share.

Do I need a business license for rental property in Georgia? ›

Owners of Residential or Commercial Property

Owners of any number of units of residential and/or commercial rental properties must have a business license. Your business license should be held in the city or county where your 'business office' is located.

Do I need a license to rent my house in Georgia? ›

There is no Georgia landlord-tenant law stating local landlords need rental licenses. However, you may need a license in some cities or counties. Check with your local authorities to learn the rules in your part of the state.


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