Are you interested in registering an LLC in Georgia? There are many advantages to LLC registration and Georgia is a great state to solidify your business. In this article, we’ll share the steps you need to take when registering a Georgia LLC. Therefore, you can quickly complete the process and get back to the running of your business.
The Georgia sales tax is a competitive 4%, but it does vary from county to county. It’s important to understand the benefits of registering an LLC, which we’ll share in the next section.
Benefits Of Registering An LLC In Georgia
Now let’s look at the top reasons why you should choose to register an LLC in the first place. These advantages could be a game-changer for your business.
- More authority: your investors, suppliers, and customers will notice if you have an LLC. It shows that your business is more legitimate, and you’ll have an easier time gaining trust.
- Bank loans: with an LLC you can open up a business bank account and increase your chances of getting a loan. Also, the size of your loan may increase if you have registered your business as an LLC.
- Financial organization: making sure that you register your business as an LLC improves your financial organization. That’s because you can use the LLC to get paid and pay suppliers. It’s handy when you have business partners since you can share transactions in a transparent manner.
How To Register An LLC In Georgia
Now let’s turn our attention to the top steps you need to take when registering your Georgia LLC. These steps will help you get started to avoid wasting time or getting lost along the way.
Choose The LLC Name
Selecting the name for your LLC is the fun part of the process. Note that you cannot use the name of an existing company when creating an LLC. Also, names that are too similar to other companies may get rejected.
Therefore, you’ll need to do a name search for your Georgia business. Once you have found a name that’s available, add it to the LLC paperwork. However, if you’re not ready to file for the LLC, you can hold a name for 30 days. Also, there’s a fee of around $25 to reserve a name, and it can be renewed.
Submit the LLC Georgia Forms
Now you’ll need to decide between two options:
- Files as a domestic entity
- File as a foreign entity
This relates to whether you’re currently living in the United States or not while registering an LLC. For example, you can run an Amazon FBA business from Europe and register an LLC in Georgia.
Note that for both options, the registration fees differ. Also, the documents you need to submit vary, so ensure you have the correct paperwork for your use case.
Registered Agent Selection
The registered agent is the organization or person that can legally accept documents on behalf of your Georgia LLC. Also, the registered agent can be someone living within the state or a service that can legally do business in the State of Georgia.
However, note that Georgia doesn’t legally require you to use a registered agent. It’s a good choice if you want to save time and avoid the hassle of dealing with legal paperwork. Therefore, if you need a reputable registered agent in Georgia, check out the service here at Business Anywhere.
What To do After Registering Your LLC In Georgia
Once you have successfully registered your LLC in Georgia, there’s more work that needs to be completed. In this section, we’ll share how you can push your business forward by taking the right steps.
Set Up an Operating Agreement
Operating agreements are not a strict requirement after creating your Georgia LLC. However, it’s an important tool that will put your business in the best position to succeed. It will essentially create the right foundation for your business to thrive.
Here are some of the top functions of operating agreements:
- Outlines the methods used to meet the business owner’s needs
- Contains the details of internal operations and share of responsibilities.
- Details the LLC’s functional and financial decisions.
Get an EIN
It’s important to get an EIN to complete business tasks like opening a bank account and paying taxes. The Employer Identification Number must be shared in almost anything you need with the LLC.
It’s possible to get the EIN through the IRS, and you’ll need to have your details close by to submit the application form. It takes longer than expected to receive the number, so do it early to avoid bottlenecks.
Business and Personal Bank Accounts
You should apply for a business bank account and tie that to your LLC. To ensure that your business functions properly, make sure to separate funds. Otherwise, there will be complications down the line.
This is especially true if you are running the business with partners. A business bank account also comes with perks such as higher sending limits and better customer service. Also, you may have access to a special credit card to help with cash flow.
Closing Thoughts On How To Register An LLC In Georgia
To conclude, registering an LLC in Georgia is a good idea if you want to solidify your business. Follow the steps in this article, and you’ll be well on your way to having an LLC that comes with multiple advantages.
Do you feel like registering an LLC in Georgia is daunting? Then you should consider taking advantage of the services here at Business Anywhere. We offer professional business registration services that is competitively priced and fast.
