Limited Liability Companies - FAQ

  • How is an LLC classified in Georgia?

    Each limited liability company and foreign limited liability company is classified as a partnership for Georgia income tax purposes unless classified otherwise for Federal income tax purposes, in which case the limited liability company or foreign limited liability company is classified for Georgia income tax purposes in the same manner as it is classified for Federal income tax purposes. Accordingly, Georgia follows the Federal "Check the Box" classifications.

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  • Does an LLC have to pay net worth tax?

    An LLC is only subject to net worth tax if it is treated as a corporation for income tax purposes.

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