LLC in Georgia is a simple way of creating a limited liability company. The only difference between an LLC and a Corporation is that the latter has to show its assets and pay taxes on its income and profits. On the other hand, an LLC is not subjected to these formalities. It only needs one member to start the business. Hence, this form of formation is preferred by many people as it has more advantages than the other one.
All the advantages of an llc georgia can enjoy are for free! It is absolutely free! There is no fee or contribution towards the maintenance and growth of the LLC. You just need to pay for its registration and payment of the annual report to the IRS. The advantages of this include:
No legal issues: If you are a new entrepreneur and have decided to set up an LLC, you need to go through all the hassles of creating a corporation. All these issues would be tackled by an experienced lawyer who would help you prepare all the documents and make sure that you get started on the right foot. But since you don't need to spend money on legal advice and due to the fact that there are free services available online, you can get started on the next business day without worrying about the llc georgia laws.
Setting Up an LLC in Georgia is Not Difficult
Convenience: Being a new entrepreneur and an inexperienced one at that, you might not have the experience to deal with all the intricate details and complications of incorporating a limited liability company. With LLC Georgia formations, you do not need to worry about such issues as you don't have to submit any kind of articles of incorporation, you don't have to pay any registration fee and you don't have to pay the state fee. All these costs are applicable only if you choose to use an attorney to help you out. In fact, in some cases even the state itself may not be involved in the formation process. So the quicker you get started, the better it is for your business.
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Tax advantages: LLC Georgia also provides several other tax benefits for its members. You can benefit by getting a business license, paying annual filing fees and paying state revenue service at the same time. But this comes at a cost. You need to pay the state revenue service for the business license and annual filing fees. You also have to pay the filing fees for the articles of incorporation.
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The best way to get started with an LLC is to get an annual registration fee, pay the state tax and then incorporate. This way, you will be covered with all the expenses at one time. LLC Georgia also enables its members to enjoy some special benefits. One is the right to use the word "limited" in the company's name. Another is that you will automatically be issued a business license once the paperwork has been filed with the state.
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If you're a newbie and you don't know where to start, you can always avail of the services of an LLC Georgia company formation consultant. He/She will not only guide you on the correct filing of documents but will also help you in selecting an operating agreement, registering a business name, getting an original or business tax identification number and in picking the registered agent. All these services are provided for free and the consultant will charge his/her clients after their successful completion of the formation process.
But you must be wondering how these professionals can help you if you do not have knowledge about the filings of legal documents. This is where the registered agent service comes in. This service was previously available only to corporations but now it is also available to individuals too. So if you want to set up an LLC in Georgia, you just need to contact a registered agent service and they will help you fill up the forms and file them with the state revenue service. The total process usually takes one day and after this you'll get your tax identification number.
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