Creating an LLC in Georgia
Georgia treats single-member LLCs as sole proprietorships and multi-member LLCs as partnerships for tax purposes. Georgia collects corporate income taxes on all corporations in Georgia.
To create a single-member LLC (SMLLC) in Georgia:
- Name your SMLLC
- File Articles of Organization with $100 fee
- Appoint a registered agent with a physical Georgia address
- Consider creating an operating agreement (not required)
To qualify a foreign LLC in Georgia, file registration documents named "Application for Certificate of Authority for Foreign Limited Liability Company" with the Georgia Secretary of State. If you need to amend the documents after approval, you’ll have to pay a fee.
Benefits of an LLC in Georgia
- Flexible management structures
- Limited liability protection
- Pass-through taxation
Single-Member LLC in Massachusetts
Forming a Single-Member LLC in Massachusetts offers numerous benefits, including limited liability protection, pass-through taxation, and flexibility in management.
Sole Proprietorship vs LLC in Georgia
The main difference between sole proprietorships and LLCs is in liability and taxation. Transitioning between business structures involves certain procedures and considerations.