Saturday, February 28, 2009

Set Up A Georgia LLC: Requirements

By Alice Johnson

The Georgia LLC is now the most popular legal entity for small business. Once you set up a Georgia LLC, you, as a business owner get liability protection. Plus, it is so easy to operate and maintain. While the advantages of one are obvious, it is important you comply with all the state formation requirements to ensure you have a valid legal entity.

The State has delegated the responsibility for regulating Georgia limited liability companies to the Secretary of State. While they have representatives that review LLC formation filings for compliance, you, as the business, owner are still ultimately responsible for ensuring your LLC business complies with all relevant requirements.

REQUIRED INFORMATION

The filing documents must contain certain factual information and disclosures about the business being created. You should review the latest requirements and current regulations to make sure you do not miss anything.

GEORGIA NAME RULES

Georgia has strict name requirements rules when it comes to choosing an LLC name. Before you set up a Georgia LLC, you need to confirm that the desired name is acceptable with the State. This means it cannot be the same as or too similar to a name that is already registered with the state.

GEORGIA REGISTERED AGENT

A registered agent and registered office is an absolute requirement for every legal entity registered in Georgia. Not appointing maintaining one will cause an LLC to lose its status. This is a big risk when it comes to liability protection. The registered agent is the person or entity that accepts legal papers on behalf of the limited liability company.

FILING FEE

In Georgia, the current fee to set up a Georgia LL is $100. This fee must accompany a valid filing. There may be additional fees if faster processing is required.

SUMMARY

It is essential that you strictly comply with Georgia requirements when it comes to setting up a Georgia LLC for a business. Your liability protection and other benefits are contingent upon this compliance. So, spend the effort to understand these rules and confirm that your Georgia limited liability company meets them. If you want to save the time and gain certainty about this, retain the services of a reputable document filing company to handle the details for you. - 15246

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