The Cost of Maintaining an LLC in Georgia

You might be thinking about setting up an LLC if you’re launching a business in Georgia. An LLC provides its shareholders with liability protection as well as management and tax flexibility. However, there are expenses involved with sustaining any firm. How much does it therefore cost to keep an LLC active in Georgia? yearly reports

LLCs in Georgia must submit an Annual Report to the Secretary of State’s office each year. This report provides the state with the most recent data on the LLC’s management structure, registered agent, and contact details. The Annual Report must be filed for $50. By April 1st of each year, this charge must be paid. Authorized Representative

Georgia law mandates that LLCs have a registered agent. A person or business named as the LLC’s registered agent will receive court documents and other formal correspondence on its behalf. A firm employee or a service provided by a third party could be this. There will be a charge if you decide to utilize a third-party service. A registered agent can run you anywhere from $100 to $300 a year, although costs can vary. EIN number is

The IRS issues a unique nine-digit number called an EIN (Employer Identification Number) to identify your business for tax purposes. An EIN is required if your LLC files certain tax forms or has workers. Thankfully, getting an EIN is free. On the IRS website, you can submit an online application for an EIN.

You must submit Articles of Organization to the Georgia Secretary of State’s office in order to formally establish an LLC there. Articles of Organization must be filed for $100. You must pay this price only once to form your LLC in Georgia. Starting a Nonprofit Organization in Georgia

Depending on the sort of organization, the cost can change if you want to form a nonprofit in Georgia. You must submit Articles of Incorporation to the Secretary of State’s office in order to establish a nonprofit corporation. Articles of incorporation require a $100 filing fee. You must also submit an IRS application for tax-exempt status. It may cost money and take several months to complete this process.

Finally, the $50 annual report filing fee, the $100 one-time price for filing the articles of organization, and the $100 registered agent fee are all expenses associated with running an LLC in Georgia. It costs nothing to get an EIN for your LLC. Depending on the sort of organization, the cost can change if you want to form a nonprofit in Georgia. No matter what kind of company organization you select, it’s critical to budget for these expenses to make sure your operation complies with Georgia’s rules.