Georgia LLC

For Georgia LLC prices and State fees, please visit the costs page for forming an LLC in Georgia.

Georgia llc formation is an alternative to corporations and partnerships. The Georgia LLC is a separate legal entity, unlike a sole proprietor, however the taxation is nearly identical to a partnership or sole proprietor. The Georgia Limited Liability Company is a pass-through taxation entity. This means that the profits of the company pass through the LLC to the owner(s), who pay taxes on the company profits. The same taxation can be applied to corporations, however the corporation must file for the "S election" tax status, IRS form 2553. The business structure differences, can be explained to you by Companies Incorporated representatives, just call (800) 830-1055.

Georgia llc formation provides the same protective layer as a corporation, with fewer formalities required. It is always best practice to maintain operational policy that ensures the Georgia LLC is operating as a separate legal entity. When the company is operated correctly, a huge protective shield is in place between the business and those who own it. In some cases, the business structure could be overlooked by a court, or the IRS if the Georgia Limited Liability Company doesn’t adhere to some formalities in those cases, the company would be viewed as a sole proprietorship or partnership where the owners have little or no protection from the business liabilities or debts. To learn more about LLC and corporations, call Companies Incorporated at (800) 830-1055.

A Georgia LLC is a "pass through" tax entity. This means that the profit and losses of the company are passed on to those who own it and reported on their personal tax filings / returns. The Georgia Limited Liability Company does not pay business taxes at the company level, any tax due is paid at the individual level of the owners. Georgia llc formation has tax advantages that include the option to have the company taxed as a corporation, otherwise it is taxed as a partnership or sole proprietorship, however the need to file itemized business deductions, or a schedule K-1, is unnecessary. For more information on Limited Liability Companies, call Companies Incorporated at (800) 830-1055.