Reserving a business name is one of the initial steps in forming a business in Georgia. A name reservation grants you the sole right to use a specific name for your company and forbids others from doing the same. The name reservations for companies doing business in Georgia are handled by the Georgia Secretary of State’s office. We’ll talk about how long it takes to have a name reservation approved in Georgia and address some related issues in this article. How Much Does a Georgia LLC Cost?
Let’s discuss the price of creating an LLC in Georgia before moving on to the primary query. In Georgia, there is a $100 filing cost establishing an LLC. A $50 annual registration charge is further required to maintain the LLC’s good standing. Depending on your business’ type and location, you might also require additional licenses and permits.
You must first determine whether a business name is available in Georgia before reserving it. Use the online database provided by the Georgia Secretary of State to accomplish this. You can use this database to look for already-used company names and determine whether the name you desire is available. Does an LLC in Georgia require a business license?
The majority of firms in Georgia are required to get a business license. However, LLCs are exempt from needing a unique business license. Instead, any occupational licenses or permits required by the state or local government must be obtained by LLCs.
No, Georgia does not require that an LLC be in the name. However, you must adhere to the state’s naming regulations if you decide to use “LLC” in your company name. Your company name, for instance, must contain the phrase “Limited Liability Company” or the initials “LLC.”
Returning to the original query, how long does it take for a name reservation in Georgia to be approved? It depends, is the answer. Name reservations are normally processed by the Georgia Secretary of State’s office in three to five business days. However, it can take longer during busy filing seasons. You can use the expedited filing service for a charge if you need your name reservation processed right away.
Finally, reserving a business name is a critical first step in launching a company in Georgia. A name must be checked for availability before being reserved. Georgia charges $100 for the formation of an LLC, and this entity type is exempt from needing a separate business license. Last but not least, Georgia’s name reservations normally take three to five business days to process, though this time may increase during times of high submission volume.