Georgia LLC: What is it?
February 13, 2009 by admin
Filed under LLC Limited Liability Incorporation
A limited liability company ( LLC or L.L.C.) is a legal form of business company giving some limited liability to the LLC owners. This is a legal business entity in most U.S. States. An LLC is not correctly called a limited liability corporation, it’s always limited liability company.
A LLC is a fusion of two types of business entities:
- partnership
- corporation.
The main function of a corporation is the lower liability to owners. There is some limited protection available for actions and debts of the company. Having a corporate entity separate from one’s own personal assets can, in some cases buffer the losses the individual will experience or ameliorate them altogether.
Partnerships offer a pass through of income taxation.
A LLC is seen as being more adaptable or flexible than a regular corporation or partnership and is appropriate for single owned smaller companies.
Some words to be familiar with regarding LLC’s:
- Operating Agreement (OA): This is the agreement that is of utmost importance to the success of the LLC entity because it regulates the rights of members and, if any exist, managers.
- Members: Members of LLCs are the owners of the limited liability company similar to compared with shareholders as the owners of a corporate entity or the partners in a partnership. Members might be persons, corps., partnerships or even other limited liability companies. A member has a certain limit of responsibility to pay back obligations to the LLC which is limited by the capital contribution defined previously.
- Managers: Limited Liability Companies might be member-managed in relation to their membership interest. Quite a few LLC OA’s allow for a manager or even a panel of managers to manage the affairs of the LLC. Managers are either appointed by members, win elections, and can also be removed by members. A member could also be a manager, “Managing Member”.
- Articles of Organization: Every Limited Liability Company must register witht he secretary of the state of Georgia. When the articles of organization are filed – these are sufficient.
More Info:
Fill out online LLC form now >
LLC Category (all posts related to LLC’s) >
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Call Toll Free: 888-905-7380
Email: Flincorporation@gmail.com
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LLC Discount
May 20, 2008 by admin
Filed under Featured 1
For a short time we’ll be offering all LLC incorporations with a discount of 10% off our normally published incorporation prices. This is a substantial discount off our original prices.
Current all inclusive LLC incorporation fee: $259 $235
Your Georgia LLC Incorporation Includes:
- Georgia Corporation Name Search
- Corporate filing with Georgia State
- All Georgia State filing fees
- Same business day filing service
- IRS link to get Tax-ID for Free
If you are considering incorporating an LLC in Georgia you should take a little time and get everything together and file before this special runs out.
This special LLC discount will take effect immediately and is reflected in all our order forms. In fact, we have lowered the prices of all of our Georgia incorporations to $235 flat fee.
Start now on your online LLC incorporation form here >
More Info:
Fill out online LLC form now >
Georgia LLC – What is it?
LLC Category (all posts related to LLC’s) >
**********
Call Toll Free: 888-905-7380
Email: Flincorporation@gmail.com
Question or Comment? Support Form
