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A Guide to Georgia LLC Annual Registration
When you form a small business in Georgia, there are several annual requirements that the business has to fulfill. The annual requirements can vary from one state to another and one of the important requirements is that of an annual report. You will need to file a Georgia LLC annual registration if you have formed a limited liability company in the state. This article will provide guidance into various aspects of an annual report including the importance of such a report, the filing process, and Georgia LLC’s annual report fee among others.
Georgia LLC Annual Report or Annual Registration
An annual report is considered an important business document, which contains comprehensive or detailed financial information about a specific company. A Georgia LLC annual report may be required by different types of companies like limited liability companies or public companies, partnerships, non-profit organizations, and professional corporations. Apart from including information on the financial activities and performance in a fiscal year, the document may also contain information on the overall business operations of the said company. Most forms of businesses are required to file a Georgia annual report with the office of the Secretary of State.
The components and information provided in an annual report may vary from one state to another. The information will also vary according to the type of business structure and hence, the annual report submitted by an LLC will be different from that of a corporation in Georgia. In this state, an annual report is known as a Georgia LLC annual registration unlike in Iowa where it is known as a Biennial Report, or Texas where it is known as a Public Information Report. The Georgia LLC annual registration fees will also be different from that of other states.
What is Georgia LLC’s annual report?
Most forms of businesses are required to file a Georgia annual report as it contains important business or financial information of the said entities. If you have registered a limited liability company then you will need to file an annual report of registration pursuant to 2020 Georgia Code, GA Code § 14-11-1103 (2020). The Georgia LLC annual registration is necessary for both domestic and foreign LLCs in the state.
The Georgia LLC annual report is one of the most important annual requirements in the state and the information contained includes:
- The name of the domestic or foreign limited liability company
- The jurisdiction under which the domestic or foreign LLC was organized or formed
- The street address as well as the county where the company has an office
- The name of Georgia registered agent as hired by the said LLC
When you file a Georgia annual report or annual registration, you need to ensure that the information provided in the report is current and accurate.
Why are filing Georgia LLC’s annual reports important?
One of the important aspects of forming a new business is to file a Georgia annual report on time as specified by the office of the Secretary of State. In the state of Georgia, it is mandatory for both domestic and foreign LLCs to this report. These reports are also known as statements of information or business annual reports and apart from fulfilling the legal requirements, these reports can:
- Help a company attract new investors
- Provide creditors an insight into the LLC’s financial status
One of the most important aspects of a Georgia LLC annual registration is to provide the public, the office of the Secretary of State, and other government agencies with specific information related to the said company in order to locate as well as communicate with such companies. The report has to be filed with the state along with Georgia LLC annual registration fees. If you require any help regarding LLC’s annual registration or annual reports then our team of experts can provide you with the necessary guidance.
Filing Georgia LLC Annual Report
A Georgia LLC annual report is one of the annual business requirements in the state. The requirement will normally commence the year after you have formed a limited liability company in the state. You will have to continue to file a Georgia annual report till the time your company is active or until you file Articles of Dissolution or Certificate of Termination in the state. Let’s look in detail at the various processes involved in filing this report or annual registration.
How do I file LLC annual reports in Georgia?
The State of Georgia requires you to file Georgia LLC annual registration pursuant to GA Code § 14-11-1103 (2020) with the office of the Secretary of State. The Georgia SOS offers three options for filing the report and they are:
- Filing annual report for the current year
- Filing for 2 consecutive years
- Filing for the next 3 years
If you have recently formed a new business then it is recommended to choose the first option. You can file the annual report online, by mail, or by using the One-Click Registration option. Alternatively, we at IncParadise can help you file the Georgia LLC annual registration, so that it doesn’t get rejected by the office of the Secretary of State. Our process is quick and easy and hence will help you to save precious time.
Do you want to submit your Georgia Annual Report?
Georgia LLC Annual Report Fee
Domestic and foreign LLCs must file Georgia LLC annual registration. You will be required to submit the Georgia LLC annual registration fee of $50 along with the Annual Report (AR Form). It is important to note that if you are planning to submit through mail then there is an additional $10 service charge. The fee has to be submitted along with the annual report.
When is the due date to file your Georgia LLC annual report?
If you are filing a Georgia LLC annual report for the first time or as a newly formed business then the filing date is between January 1 and April 1 of the year following the year in which the domestic LLC or foreign LLC was formed.
For Example: If you have formed a domestic or foreign limited liability company on November 22, 2021, then you will need to file a Georgia annual report between January 1 and April 1, 2022.
You can choose to file subsequent annual reports each year by April 1 or you can even submit reports for 2 or 3 consecutive years. If you have hired IncParadise as your Georgia Registered Agent then you will be able to benefit from using our entity management software. This software will send you email notifications a month before the due date for Georgia LLC annual registration. As a result, you will be able to order it in advance and prevent any late filing penalty.
Consequences of Late Filing of Georgia LLC Annual Report
Georgia LLC annual registration is due on January 1st of each year and you can file it till April 1 of the same year. If you fail to submit the annual report within the due date then it will result in a penalty of $25. You will then have to file with Georgia LLC’s annual report fee of $50 plus a late fee of $25, which is $75. You have to submit the annual report along with the late fee within 60 days from the due date of April 1.
If you fail to file a Georgia LLC annual report within 60 days from the due date then the limited liability company in question will be administratively dissolved or revoked by the office of the Secretary of State. Once administratively dissolved, you can operate your limited liability company only after you have applied for renewal of the LLC. The renewal process will require you to file an LLC annual registration with or without any changes to your business information.
Why is using a Georgia Registered Agent Service a Better Option?
If you are planning to form a limited liability company in Georgia then one of the mandatory requirements as per GA Code § 14-11-209 (2020), is hiring and maintaining a registered agent in the state. A reputable registered agent service like IncParadise will provide you with several benefits including the filing of Georgia LLC annual registration. Some of the other benefits that you can enjoy are:
- When you opt for IncParadise as your RA, you will be notified of the filing date of annual registration as well as the Georgia LLC annual report fee. This will ensure you can submit the report on time thus avoiding a penalty.
- We will also assist you in ensuring your business complies with all LLC annual requirements in the state of Georgia
- As one of the top registered agents in the state, we also offer several services right from filing new business applications to getting an Employee Identification Number or EIN.
- In a worst-case scenario, if your LLC has been dissolved by the state due to non-filing of the Georgia LLC annual report, we can help you with the LLC renewal or reinstatement process.
There are several other benefits of choosing IncParadise as your registered agents in Georgia like service of process and S Corporation filing.
Need Any Assistance in Filing Your Georgia LLC Annual Report?
There are different types of annual compliances that a limited liability in Georgia will need to meet including that of filing a Georgia LLC annual report. If you choose us as your registered agent in Georgia; you will be able to use our services to ensure that your LLC’s reports are always filed on time to the appropriate government agency like the office of the Secretary of State.
IncParadise is an expert in new business formation or incorporation services and understands that businesses may have other state requirements that they have to be compliant with. Hence, we also offer many additional services for Georgia businesses like DBA filing, and foreign qualifications among others.