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What is the benefit of an LLC in Georgia?

Benefits of Starting a Georgia LLC: Separates and limits your personal liability from your business liability and debts. Exemption from the Georgia Corporate Income Tax (conditions apply) Simple filing, management, compliance, regulation and administration. Easy tax filing and potential advantages for tax treatment.

What do you need to start an LLC in GA?

ZenBusiness: Create your LLC in Georgia Step 1: Choose a name for your LLC. Step 2: Choose a registered agent in Georgia. Step 3: Obtain Georgia business permits. Step 4: File articles of organization and transmittal form. Step 5: Draft an LLC operating agreement. Step 6: Pay taxes, and comply with other state requirements.

How does an LLC avoid paying taxes?

A general Corporation making a Subchapter S Election or an LLC with or without a Subchapter S Election pays no federal tax on its taxable income and no employment taxes on its distributions to stockholders.

Do LLC pay taxes in Georgia?

The following businesses must file an income tax return with the state of Georgia: Corporations, partnerships, or LLCs that do business or own property in Georgia or receive income from Georgia sources. Any partnership or LLC that is treated as a partnership, with partners or members who reside in Georgia.

Do LLCs pay taxes in Georgia?

The following businesses must file an income tax return with the state of Georgia: Corporations, partnerships, or LLCs that do business or own property in Georgia or receive income from Georgia sources.

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