| Without question the Limited Liability Company has | | | | single member LLC allowed under Georgia law also |
| become the most popular business form for small and | | | | has the advantage of being able to choose special |
| growing business in Georgia. Because of its ease of | | | | treatment for federal tax purposes. (If there are no |
| operation, tax benefits, flexibility, and virtually | | | | employees, the taxes are no different than that of a |
| unmatched personal legal liability protection, it has easily | | | | sole proprietor.) |
| surpassed the Corporation as the entity of choice for | | | | If you are not in Georgia, you can still have a Georgia |
| companies in Georgia and throughout the United | | | | LLC created for your business, you may have to |
| States. In 2007, there were 56,323 new Limited Liability | | | | register the LLC in the state in which you actually |
| Companies formed in Georgia, compared to 26,103 | | | | conduct business, but that is generally not a difficult |
| new business corporations. | | | | process. If the only business of the LLC is a holder of |
| The LLC laws in Georgia are some of the most | | | | investment property, or collection of a debt, state |
| precise yet simple laws in the country. For example, in | | | | registration is generally not required. If you have a |
| Georgia a single person, someone that operates a one | | | | business outside of Georgia but would like a Georgia |
| person business, can create a single member LLC to | | | | LLC, a non attorney will generally not be able to help |
| provide a layer of liability protection, and still present a | | | | you understand the requirements and restrictions, and |
| larger, more established appearance to the public. The | | | | are actually not allowed to give you legal advice. |