Type In Legal Georgia Business Forms For Free

Good news, Georgia doesn't require a ?general? business license at the state-level for Sole Proprietors. So there's nothing to do for this step. However, depending on your industry, and where you're doing business, you may need an industry-specific license or a license issued by your municipality (ex: county or city).

Register online through Georgia Tax Center (GTC), a secure electronic customer self-service portal. To complete the registration, you'll need: Information gathered in previous steps.

Benefits of Starting a Georgia LLC: Separates and limits your personal liability from your business liability and debts. Exemption from the Georgia Corporate Income Tax (conditions apply) Simple filing, management, compliance, regulation and administration. Easy tax filing and potential advantages for tax treatment.

The biggest difference between the two can be boiled down into two main points: LLCs are considered to be distinct legal entities from their owners or members. Sole proprietorships are not. LLCs' income must be split between members in some manner, and they are taxed as distinct entities.

How Are Georgia LLCs Taxed? Members of Georgia LLCs pay state income tax and the federal self-employment tax of 15.3% (12.4% for social security and 2.9% for Medicare). Single-member LLCs (SMLLC) are taxed as sole proprietors (aka ?disregarded entities?) by default, whereas multi-member LLCs are taxed as partnerships.

Either draft your own Articles of Organization, or download and fill out the Articles of Organization for LLC (CD 030) form from the Georgia Secretary of State website. Download and fill out the Transmittal Form ? Limited Liability Companies (231) from the Georgia Secretary of State website.