If you have a limited liability company (LLC) in Georgia, you must file an annual registration to keep your business in good standing. It’s a relatively painless process that can be done online.
What Is an Annual Registration?
An annual registration, known as an annual report in most states, verifies your business information and tells the state of Georgia that your LLC is still operating. In addition, keeping up with annual registrations is a legal requirement that enables you to obtain a Certificate of Existence, which a bank or creditor might request to confirm your compliance.
In Georgia, if you’re not making any changes to your business information, the state has a one-click registration that you can use. If you need to make changes, the following information is required for the annual registration:
How to File Annual Registration in Georgia
To file your annual registration with no changes in Georgia, visit the Corporation’s Division website, select the year for which you’re filing, and enter your business name or control number.
Follow the prompts to complete the registration.
You’ll need to sign in on the Corporation Division’s website to complete the registration if you’re making changes to your business information.
The fee for filing your annual registration is $50, and registrations are due April 1. If you file after April 1, there is a $25 late fee.
If You Do Business in Other States
If you do business in other states, be sure to register in those states as a foreign LLC. For example, if your LLC is registered in Georgia and you start doing business in Florida, you’ll need to register in Florida as a foreign LLC.
You’re generally required to register as a foreign LLC if:
- You have a physical presence of any kind in that state
- You have employees in that state
- You regularly meet with clients, managers, or investors in that state
- You are licensed to do business in that state
Once you’ve registered as a foreign LLC, your business must follow the annual reporting requirements of that state and pay taxes in that state.
Filing an annual registration in Georgia is relatively easy and crucial to smooth business operations.
Failing to file an annual registration can result in serious penalties, as can filing an inaccurate report.
Be sure to review all your business information and file your report on time to ensure your LLC remains in good standing.