Forming an LLC in Georgia

Initial steps to form Georgia LLC – Limited Liability Company (LLC) may include:

1. Reserve the name of the  LLC with the Georgia Secretary of State office  and pay the reservation fee to reserve your name.

2. Prepare and file an  Articles of Organization for an LLC and pay the fee to file such articles.

3. Prepare the  Operating Agreement for an LLC setting forth the terms and conditions of operation of the entity.

4. File for a federal (employer identification number (EIN)), state tax identification numbers, and any applicable license(s) based on the products or services being offered by the LLC.

5. Prepare resolutions adopting the Articles of Organization, Operating Agreement, resolutions confirming the nomination of  members, as well as appoint personnel to obtain bank accounts, accountants, lawyers, licensing duties, and any other service or requirement necessary for establishing your particular legal entity.

6. Prepare buy-sell agreements for all LLCs having multiple members of the LLC.

7) Maintain all records for the  LLC and file all applicable documents with tax, licensing and other federal, state, county, city and municipal regulatory bodies.

8. Contract in writing with all employees, independent contractors, and/or entities performing tasks or services for the LLC being mindful of ownership of intellectual property.

9. Maintain compliance with all employment, environmental, export, safety, tax, licensing, and all other laws and regulations governing the activities of the LLC.

10. Pursue protecting and owning all inventions, ideas, marks, logos, and works created, conceived and/or reduced to practice by anyone involved with the corporation or LLC.

This list of steps is not inclusive of all the legal requirements necessary to form and maintain an entity but rather represents a preliminary check list. Note many service providers offer incorporation services for a few hundred dollars, but in reality they are only offering the first two or three items listed above. The first purpose of setting up an entity is to provide you with limited liability, protecting your personal assets such as your home, car and 401k plan from the risks of starting a new venture.

Seek the advice of an attorney and make sure such attorney meets with you and outlines a written summary for your specific entity.

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