What are the steps I need to follow to establish a Limited Liability Company (LLC) in Georgia?

To establish a Limited Liability Company (LLC) in Georgia, you will need to follow the following steps:

1. Choose a name for your LLC: The name of your LLC must be distinguishable from any other LLCs or registered businesses in Georgia. You can check the availability of a business name on the Georgia Secretary of State’s website.
2. File Articles of Organization: You will need to file Articles of Organization with the Secretary of State’s office. The articles should include the name of the LLC; the name and address of the Registered Agent; the purpose of the LLC; the date of organization; the name and address of the members or managers; and the duration of the LLC, if applicable. The filing fee is currently $100.
3. Obtain an EIN: You will need to obtain an Employer Identification Number (EIN) from the IRS. This is a nine-digit number used for tax purposes. You can apply for an EIN online for free.
4. Create an Operating Agreement: While not required by Georgia law, it is recommended that you create an Operating Agreement. This is a document that outlines the ownership and management structure of the LLC, along with rules and regulations governing the operation of the company.
5. Obtain Business Licenses and Permits: Depending on your business, you may need to obtain additional licenses and permits at the state or local level. You can find out what licenses and permits are required on the Georgia Secretary of State’s website or by contacting the relevant state or local agency.
6. File Annual Reports: You will need to file annual reports with the Georgia Secretary of State’s office. The report is due by April 1st of each year and can be filed online. The current filing fee is $50.

It is important to note that there may be additional steps and requirements depending on your specific business and industry. It is recommended that you consult with an attorney or other professional who is knowledgeable in this area to ensure that you have met all legal requirements for establishing your LLC.

Additionally, while an LLC provides limited liability protection to its members, there are some exceptions. Members can still be held personally liable for certain types of actions such as neglecting to pay taxes or intentionally causing harm to someone. Therefore, it is important to consult with an attorney to ensure that your LLC is properly structured and your personal liability is minimized to the fullest extent possible.