What are the costs and requirements for starting an LLC in Georgia?
Learn about the costs and requirements for starting an LLC in Georgia, including filing fees, registered agent costs, operating agreements, business licenses, insurance needs, and more.
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What are the costs associated with starting an LLC in Georgia?
The primary cost associated with forming an LLC in Georgia is the filing fee. As of 2023, the fee for filing articles of organization is $100. This fee can be paid online or by mail.
Additionally, you will need to pay for a registered agent who can receive legal documents on behalf of the company. The cost for this service varies depending on the provider but typically ranges from $50 to $300 per year.
While not mandatory, having an operating agreement is highly recommended. This document outlines how your LLC will be run and can help prevent disputes among members. The cost for drafting an operating agreement can vary widely depending on whether you hire a lawyer or use a template service.
Depending on your business type and location, you may need additional licenses or permits. These costs can vary widely but are generally lower than the initial filing fees.
Finally, depending on your industry or specific needs, you might need liability insurance or other types of coverage. These costs will depend on your business type and industry standards.
