Georgia LLC - How To Create And Run Your Firm
Get all the benefits and protections offered by a Georgia LLC which meet the needs of business developers and entrepreneurs in terms of corporate form.
Form an LLC for only $139 - Georgia LLC Information - LLC Links & Articles
Moving Forward With Your Georgia LLC
* Qualifying You For Personal Asset Protection. Chief amongst these protections and concerns for business developers is the separating out or shielding of personal assets from the corporate liabilities of your Georgia LLC. By law, your Georgia LLC members' liability is limited to their invested capital. See Georgia Secretary of State.
* Access To Investor Capital And Bank Finance. A Georgia LLC offers important advantages in the area of capitalization and ownership. Unlike the Subchapter S corporate form which is legally limited to a ceiling of 75 shareholders, your Georgia LLC can raise its required capital from an unlimited number of investor-members via private placement financing agreements. Once capitalized and holding current financial operating data, your Georgia LLC can now apply for credits or secondary financing from lenders, just like other companies do, in order to manage growth for your Georgia LLC.
* Benefits Of A "Pass-Through" Vehicle. A Georgia LLC is considered a tax exempt "pass through" entity according to state and federal law. Profits and/or losses from your Georgia LLC operations are reported on the individual returns of your Georgia LLC members. In arriving at your year-end "bottom line", your Georgia LLC can legally deduct qualifying operating costs and expenses, along with taking advantage of the federal rules for depreciating assets recorded on your Georgia LLC balance sheet.
* Your Georgia LLC Is Easy To Run. Your Georgia LLC offers distinct benefits in the area of corporate governance. Whereas a standard corporation must conduct annual meetings and generate written meeting minutes, your Georgia LLC is not subject to such rules. Rather, your Georgia LLC can establish it's meeting and reporting policies within the provisions of your Georgia LLC operating agreement.
* Flexible Dividend Policies. Flexibility for your Georgia LLC continues into the area of dividend policy. In contrast with a standard corporation which must pay dividend on a dollar-per-share rule basis, your Georgia LLC can determine based on need or circumstance its dividend distribution according to the terms of your Georgia LLC operating agreement.
* Getting Started In Georgia. Your Georgia LLC not only meets your corporate requirements, but your Georgia LLC is also recognized as a legal and valid corporate form by all fifty US states. Your Georgia LLC establishes the basis from which you can legally commence operations in the dynamic and pro-business Georgia market place.
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