International Legal Services

Georgia – Limited Liability Companies

General information about the State	Nickname: Peach State Population: 7,353,000 (10th place) Area: 59,441 sq miles (24th place) Admitted to Union: the 2nd of January, 1788 Capital City: Atlanta (population 3,000,000) Other cities: Columbus (180,000), Savannah (138,000)
Possible names with example of Alpha	Alpha Limited Liability Company Alpha Limited Company Alpha L.L.C. Alpha LLC Alpha L.C. Alpha LC Alpha Ltd. Co. Alpha Limited Co. Alpha Ltd. Company
The minimum number of members	One
Company management	LLC is managed by its members unless operating agreement or the articles state that LLC is to be managed by one or more managers. If not otherwise provided in the operating agreement or the articles, members and managers are given one vote each, with approval by the majority of members required to take membership action. Unless otherwise provided by the articles or operating agreement, managers are elected and removed by more than one-half the number of members. Managers are elected for an indefinite term unless otherwise stated in the articles or operating agreement. Operating agreement must be in writing. When LLC has nominee members an attorney is appointed to manage LLC on the basis of power of attorney. As a rule, general power of attorney and a restricted one only for the purpose to open bank account are issued by nominee members in favor of company’ beneficial owner or authorized persons.
Amendments to Articles and Operating Agreement	Unless otherwise provided by the articles or operating agreement, all members must agree to amend the articles or the operating agreement.
Withdrawal of Members	Unless otherwise provided by the articles or operating agreement, a member can withdraw at any time upon 30 days’ written notice to the other members. Unless otherwise provided by the articles or operating agreement, the approval of all members is required to approve distributions to member prior to the dissolution of the LLC, to sell all LLC assets and to voluntary dissolve the LLC. Unless otherwise provided in the articles or operating agreement, the LLC automatically dissolves after the dissociation of a member, unless all remaining members vote to continue the LLC by unanimous written consent.
Annual Report	Before the 1st of April each year each company (regardless of the date of its registration) should re-register at the Secretary of the State. To perform re-registration LLC should file the form provided by Secretary of the state.
Taxation	State tax treatment of the company follows IRS classification for federal income tax. Sales tax – 4%