This form addresses important considerations that may effect the legal rights and obligations of the parties with the formation of a limited liability company. This questionnaire enables those seeking legal help to effectively identify and prepare their issues and problems. Thorough advance preparation enhances the attorney's case evaluation and can significantly reduce costs associated with case preparation.
This questionnaire may also be used by an attorney as an important information gathering and issue identification tool when forming an attorney-client relationship with a new client. This form helps ensure thorough case preparation and effective evaluation of a new client's needs. It may be used by an attorney or new client to save on attorney fees related to initial interviews.
Georgia Limited Liability Company - LLC - Formation Questionnaire
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US-Q1027
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How to fill out Limited Liability Company - LLC - Formation Questionnaire?
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Five Steps to Getting an LLC in Georgia Name Your Georgia LLC. ... Step 2: Choose a Registered Agent. ... Step 3: Prepare and File Articles of Organization. ... Step 4: Create an Operating Agreement. ... Step 5: Obtain an Employer Identification Number (EIN)
Georgia, like most states, doesn't require LLCs to have operating agreements. Though not required, drafting one has many benefits. This internal document establishes how your LLC will be run. It sets out the rights and responsibilities of the members and managers, including how the LLC will be managed.
Georgia state law doesn't require you to have an operating agreement. However, Georgia state policy gives ?maximum effect? to freedom of contract, so a strong operating agreement can give you a lot of power to better control your LLC in this state.
Under the default rules, every member of the LLC is an agent of the LLC and can conduct business on behalf of the LLC. In other words, each member has the authority to bind the LLC in ordinary business transactions, whether or not the member has the consent of the other members. See OCGA §14-11-301.
Your business name must include the words Limited Liability Company, LLC, or L.L.C. Your name must be different from an existing business in the state. You can do a search on the Secretary of State's website to determine if a particular business name is in use. For name availability in Georgia, check this link.
Georgia doesn't have a general business license for LLCs, so there are no fees there. If your business has to get an occupational license or municipal (city or county) permit, the fees are hard to predict. Depending on your LLC's location, and what type of business or industry you're in, the fee varies.
An EIN is required for LLCs that will have employees. Additionally, most banks require an EIN in order to open a business bank account. State tax identification number. Georgia requires a state tax identification number.
10 Frequently Asked Questions About LLCs What is an LLC? ... What are the tax benefits of LLCs? ... In what state should you form your LLC? ... What is the easiest way to form an LLC? ... What are the costs of forming an LLC? ... What are the key documents involved in forming an LLC? ... What can I name my LLC? ... How are LLCs owned and managed?
