770-609-1247 | Limited Liability Companies – LLC – Georgia Business Lawyers & Attorneys

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Limited Liability Corporations

What is limited liability?

Limited liability means that the owner of the business is not personally liable for the debts or obligations of the business. Choosing the correct business formation can help protect your assets in the case of debt, a lawsuit or a claim against your business.

How long will it take?

You are organized as soon as the Articles of Organization are filed with the Georgia Secretary of State. Generally, you will have all of the documentation and have your LLC set up in around three weeks.

Prior to filing the Articles of Organization, there are three things that need to be finished. First, the availability of the corporate name must be verified by the Secretary of State. Second, your approval of the Confirmation of Order is needed. (This step is quicker if you provide us with a fax number and respond as soon as possible.) Third, payment must be filed via check or credit card.

Obtaining a Federal Employer Identification Number

You obtain a FEI number by completing an SS-4 application and faxing or mailing it to the IRS as soon as possible as the final approval of the corporate name by the Georgia Secretary of State.

If you are organizing an existing business you will need to apply for a new number, however, if you are forming an LLC from an existing partnership, you can use your current FEI number.

Should I incorporate or set up an LLC?

There are advantages to both business structures, and owners should carefully consider what will be most beneficial to their business before reaching a decision. Keep in mind that LLC owners can elect for the IRS to tax the business as a sole proprietorship, partnership, or C or S corporation.

Advantages of an LLC:

  • No limit on the number of owners
  • Profit and loss are passed through the owner’s individual tax returns
  • No annual meeting or minute book requirements

Disadvantages of an LLC:

  • Cannot issue stock
  • Cannot engage in corporate income splitting to lower tax liability

Advantages of a Corporation:

  • May issue shares of a stock to attract investors
  • Corporate income splitting may help lower overall tax liability

Disadvantages of a Corporation:

  • Double taxation of corporate profits and shareholder dividends
  • Must hold annual meetings and record minutes
  • S Corporations have restrictions on the number of owners

Georgia Areas We Serve
Coleman Legal Group, LLC handles cases in the following cities and communities: Atlanta, Alpharetta, Roswell, Johns Creek, Milton, Cumming, Marietta, Sandy Springs, Woodstock, Kennesaw, Gainseville, Norcross, Lawrenceville, Midtown, Inman Park, Duluth, Buckhead, Dunwoody, Vinings and Smyrna.

Give us a call at 770-609-1247 to arrange a confidential consultation with one of our attorneys.

Georgia Areas We Serve
Coleman Legal Group, LLC handles cases in the following cities and communities: Atlanta, Alpharetta, Roswell, Johns Creek, Milton, Cumming, Marietta, Sandy Springs, Woodstock, Kennesaw, Gainseville, Norcross, Lawrenceville, Midtown, Inman Park, Duluth, Buckhead, Dunwoody, Vinings and Smyrna.

Our attorneys frequently handle cases for clients residing in the following counties: Fulton, Gwinnett, Forsyth, Cobb, DeKalb, Henry, Cherokee, Douglas, Carroll, Coweta, Paulding, Bartow, Hall, Barrow, Walton, Newton, Rockdale, Henry, Spalding, Fayette and Clayton. 

Our main office is located in Alpharetta Georgia at: 5755 North Point Parkway, Suite 51, Alpharetta, Georgia 30022. We also have offices conveniently located at:

Alpharetta Georgia
North Point Park
5755 North Point Parkway
Suite 51
Alpharetta, GA 30022
Phone: 770-609-1247 | Map
Atlanta Georgia
Colony Square
1201 Peachtree Street, 400
Colony Square, Suite 200
Atlanta, GA 30361
Phone: 770-609-1247 | Map
Dunwoody, Sandy Springs
GA 400, Atlanta Georgia
1200 Abernathy Rd
Building 600
Atlanta, GA 30328
Phone: 770-609-1247 | Map
Cumming Georgia
The Avenue Forsyth
410 Peachtree Parkway
Building 400, Suite 4245
Cumming, GA 30041
Phone: 770-609-1247 | Map
Johns Creek, Duluth GA
11555 Medlock Bridge Road
Suite 100
Johns Creek, GA 30097
Phone: 770-609-1247 | Map
Duluth Georgia
Sugarloaf
2180 Satellite Boulevard
Suite 400
Duluth, GA 30097
Phone: 770-609-1247 | Map
Kennesaw Georgia
TownPark Center
125 TownPark Drive
Suite 300
Kennesaw, GA 30144
Phone: 770-609-1247 | Map
Lawrenceville
Huntcrest
1755 North Brown Road
Suite 200
Lawrenceville, GA 30043
Phone: 770-609-1247 | Map

Copyright © 2020 | Coleman Legal Group, LLC | All Rights Reserved. Coleman Legal Group, LLC • 5755 North Point Parkway, Suite 51 • Alpharetta, GA 30022 • 770-609-1247 DISCLAIMER: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.