Thousands of
Georgia business owners would agree that forming an LLC in Georgia
makes a lot of sense when it comes to operating a business.
The number of Georgia limited liability companies formed each year grows at more than 10%
and in 2005 there were over 40,000 filings.
There are a lot of reasons for why forming an LLC in Georgia
provides advantages over other choices. The biggest reason is the
solid limited liability protection afforded by the Georgia limited
liability company laws
when it comes to protection owners of a Georgia LLC business.
Business owners are automatically afforded legal
protection from personal liability of the debts and obligations of
the Georgia LLC business. The State of Georgia charges $100 for
forming an LLC in Georgia and an annual fee of only $30 a year.
Accordingly, the costs are so low
compared to the enormous benefit of limited liability protection.
In addition to limited liability
protection, there are other benefits.
The Georgia limited liability company offers Georgia business owners a lot more
flexibility when it comes to how to run a Georgia LLC. The
owners can decide amongst themselves how the Georgia LLC will be
managed and governed. Another great benefit of forming an LLC
in Georgia, is the instant credibility that your business will have
as an official limited liability company business.
Another reason that this entity has become so popular among business owners is that a
Georgia limited liability company offers the most tax choices as compared to other
business entity choices such as a sole proprietorship and
corporation. After forming an LLC in Georgia, the Georgia LLC
can choose to be taxed as a pass through entity, a C corporation or
an S corporation. This choice should not be taken lightly as
the tax treatment will have a real affect on the bottom line profits
of a Georgia LLC business.
The great thing is
that you do not need to make this decision when forming an LLC in
Georgia. You can seek the advice of an accountant after
formation and make the decision within a few months after formation.
The bottom line is that the number of
Georgia business owners who choose forming an LLC in Georgia over a
corporation or other business vehicle has skyrocketed in the past
ten years and the spread is only getting bigger. The Georgia
limited liability company was specifically created to offer the Georgia small business
owner with a lot of advantages, flexibility and simplicity when it
comes to operating a Georgia business.
So, as you are deciding whether of not
forming an LLC in Georgia makes sense for your business, you should
take comfort that the Georgia limited liability company has become the primary
choice for thousands of small business owners starting and running a
Georgia LLC business.
Georgia Business Formation offers the fastest
and complete service to
form a Georgia LLC which for a
limited time includes an excellent eBook to teach you about what to
do after formation to preserve limited liability protection.
