Call Us Now: +1 (877) 330-2677 Live Chat: ONLINE NOW            
https://d25eic0jctudgb.cloudfront.net/images/site/general/answers-to-answers-8743d0241f5d8c2c996225efe2063f89
https://d25eic0jctudgb.cloudfront.net/images/site/headlines/articles.jpg-5fa541d76bf4be9016b1176147b3bc96

LLC For sole ownership

Asked by: betty - 17 August, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 Hello, I am starting an online business in Georgia. What would be the best way to set this up as a sole ownership?
Answered by: Ray Albert - 21 August, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/194.jpg-630c771619e92bede7e6f696b56767b9 Betty,

When you register an LLC with one owner, the IRS will by default classify the business as a disregarded entity/sole-proprietorship. You would need to have the company registered with the state, and obtain a federal EIN for the business. (It is also highly suggested to get an Operating Agreement as well). You can click here to learn more about how to register an LLC in Georgia.

Please keep in mind, if you would be selling products, or purchasing any supplies in wholesale, you would also need to apply for a Georgia state sales/use tax, also commonly referred to as a reseller's permit. You will see this option under the state and federal licensing section of the application.

We Want To Connect With You!

Social Media is increasingly the preferred method for businesses to connect with their clients, peers and customers. We are dedicated to share information and useful tools to help you grow your business.

Like us on Facebook, follow us on Twitter, and let's begin the exchange to Help Grow America One Business at a Time - starting with yours!

https://d25eic0jctudgb.cloudfront.net/images/site/general/payment-methods-footer-052a63251a379d6e5ece1801f07470fc Official PayPal Seal SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment