Georgia is one of the best states in the U.S. to start a business, ranking No. 1 for the business environment for "sound regulations, sound economic development policies, and strong support for business development," making it one of the most pro-business states in the U.S.
For companies incorporated in Georgia, the annual report is one of the things that must be done every year, and the report is a document that must be submitted to the Secretary of State of Georgia every year.
The Georgia Annual Report is a required document, and LLCs in Georgia must be filed annually with the Georgia Secretary of State.
The purpose of the annual report is to update the State of Georgia with the current information of the company, such as the legal name, registered ** person, mailing address, principal office address, and the names and addresses of members or managers. This ensures that Georgia has an accurate record of your company and helps maintain its good standing and compliance with Georgia regulations.
The name of the business. Name of the individual submitting the report.
Business email address.
Registration** information and address.
The company's main address.
The names and addresses of the directors and shareholders of the company.
All newly formed companies must submit a preliminary report 90 days after incorporation. However, if you set up your company after October 1, you will only be able to file an annual report between January 1 and April 1.
If you do not file your Georgia annual report on time, your company will be charged a $25 late fee and may lose its good standing in Georgia. In addition, if you are in arrears for more than 60 days, your business will be administratively dissolved.
The annual report is submitted between January 1 and April 1 each year.
Filing an annual report is essential to maintain your company's legal standing and good reputation in Georgia. By following these steps and understanding Georgia's specific requirements, you can ensure that your company remains compliant and continues to operate smoothly.