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Single member LLCs and LLCs treated as partnerships are generally not subject to the Georgia net worth tax (also known as the franchise tax). However, if the member(s) of the LLC is a corporation, the corporation may be subject to the Georgia net worth tax if the LLC does business or owns property in Georgia.
Create & File Registration Visit the Secretary of State's online services page. Create a user account. Select ?create or register a business?. ... Fill out the required information about your business entity (listed above). Pay the $100 filing fee by approved credit card: Visa, MasterCard, American Express, or Discover.
How Are Georgia LLCs Taxed? Members of Georgia LLCs pay state income tax and the federal self-employment tax of 15.3% (12.4% for social security and 2.9% for Medicare). Single-member LLCs (SMLLC) are taxed as sole proprietors (aka ?disregarded entities?) by default, whereas multi-member LLCs are taxed as partnerships.
Single-Owner LLCs The resulting LLC doesn't pay any taxes and does not need a file a separate tax return with the IRS. However, all income from that LLC must be reported on the sole owner's tax returns on Schedule C. The income must be submitted with a regular 1040 tax return.
Name your Georgia LLC. You'll need to choose a name to include in your articles before you can register your LLC. ... Choose your registered agent. ... Prepare and file articles of organization. ... Receive a certificate from the state. ... Create an operating agreement. ... Get an Employer Identification Number.