Company Formation in Hungary for US Entrepreneurs
Company formation in Hungary offers access to the EU market, low taxes, and residency options. Learn about the steps, costs, and compliance rules.
If you’re looking for a clear and affordable way to protect your personal assets and run a legal business, take the first step and learn how to form an LLC in Georgia. A Georgia LLC limits your personal liability, offers tax flexibility, and is simple to set up—even if you don’t live in the state.
The process is managed by the Georgia Secretary of State and includes filing your Articles of Organization, appointing a Georgia registered agent, and staying current with annual registrations. We'll also discuss the Wise Business account. The global account that can help your company with all things cross-border.
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Your business name must be distinguishable from existing names in the Georgia Corporations Division database. It must include “Limited Liability Company” or abbreviations such as “LLC” or “L.L.C.” per state law. Avoid misleading terms like “bank” or “insurance” unless you’re licensed in those industries.
Action items:
If you plan to expand later, consider securing the domain name and trademark alongside the LLC name.
A Georgia registered agent is required by law for every domestic LLC or foreign limited liability company operating in the state. The agent must have a business address in Georgia and be available during normal business hours to accept legal and state documents.
You can designate:
A professional service ensures privacy and continuity if your business lacks a fixed physical location in the state.
To legally form a Georgia LLC, you must file the Articles of Organization with the Georgia Secretary of State, accompanied by Transmittal Form 2312. These documents serve as the official record that your LLC exists and is authorized to do business in the state. The Articles include essential details such as the legal name of your LLC, its business address, and the name and address of your Georgia registered agent. You must also provide the name and signature of the organizer—the person submitting the documents on behalf of the LLC.
You have two options for filing: online or by mail. Online filing is done through the Georgia Corporations Division website3, and the fee is $100. This method is generally faster and preferred by most filers. If you choose to file by mail, the fee increases slightly to $110, and you'll need to send physical copies of both the Articles and the transmittal form to the Secretary of State’s office.
Processing times vary depending on the method. Online submissions are typically processed within seven to 10 business days, while mailed filings can take anywhere from four to five weeks. To avoid delays, ensure all required fields are completed accurately and the appropriate fee is enclosed. Once approved, your LLC will receive a Certificate of Organization, which confirms its legal formation under Georgia law.
An Operating Agreement isn’t required by Georgia law, but it’s a critical internal document. It defines how your LLC operates, outlines member responsibilities, and sets rules for profit distribution and decision-making.
It also helps:
Even single-member LLCs should create one to avoid being treated as a sole proprietorship in legal disputes.
Issued by the Internal Revenue Service, the Employer Identification Number is a federal requirement for hiring employees, opening a business bank account, and filing federal taxes. You can apply online via the IRS website4 for free.
You’ll need your EIN to:
Even single-member LLCs need an EIN to avoid mixing personal and business finances.
Depending on your business location and industry, you may be required to:
Use the Georgia Tax Center5 for tax registration and consult your local chamber of commerce or city website to check licensing rules.
Every Georgia LLC is required to file an annual registration with the Georgia Secretary of State to remain in good standing. This filing is due between January 1 and April 1 each year and comes with a $50 fee.
The process can be completed online6 through the Georgia Corporations Division website. As part of the registration, you must confirm or update your business address, list your members or managers, and verify the details of your registered agent. Failing to file the annual registration on time can result in penalties and may ultimately lead to the administrative dissolution of your LLC.
Once you have established your business with an LLC, you’ll need a business account to manage your US finances. A Wise Business account is easy to open online and comes with no monthly fees. You can convert funds from your home currency to USD with low, transparent fees.
Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in currencies. You can get major currency account details for a one-off fee to receive overseas payments like a local. You can also send money to countries.
Some key features of Wise Business include: |
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Open a Wise Business account online
There are a few essential documents you need to prepare to start a business entity in Georgia. Here's what you need:
For foreign limited liability companies looking to register in Georgia, you’ll need to file a Certificate of Authority and appoint a registered agent.
Georgia offers several advantages to entrepreneurs choosing to register a limited liability company in the state:
Georgia’s tax benefits and business-friendly regulations make it an attractive option for small businesses and startups.
Expense | Cost |
---|---|
Name Reservation (optional) | $25 |
Articles of Organization (online/by mail) | $100/$110 |
Annual Registration | $50/year |
Registered Agent (optional service) | $25–$300/year |
Business Licenses/Permits | Varies |
Keep in mind that professional help or using an LLC formation service will add to the total cost.
Yes, you can open a Georgia LLC even if you don’t live in the state. Georgia doesn’t require LLC owners or managers to be residents. However, you must still meet a few basic requirements:
As long as these conditions are met, you can form and operate a Georgia LLC from anywhere, whether you're in another state or outside the U.S.
Yes. Georgia does not require U.S. citizenship or residency to form a domestic limited liability company or register a foreign entity. Nonresidents can fully own and manage a Georgia LLC, but a few additional steps are necessary to comply with federal and state requirements:
With these steps in place, nonresidents can legally and effectively operate an LLC in Georgia.
Georgia stands out for its low startup fees, straightforward filing process, and favorable tax structure.
Feature | Georgia | Florida | North Carolina | Tennessee |
---|---|---|---|---|
Formation Fee | $100 (online) | $125 (online) | $125 (online) | $300 |
Annual Fee | $50 | $138.75 | $200 | $300+ (franchise tax) |
State Income Tax | 5.75% | None | 4.75% | 6.5% |
Franchise Tax | None | None | None | Yes |
Non-Resident Formation | Allowed | Allowed | Allowed | Allowed |
Processing Time (online) | 7–10 business days | 2–3 days | 5–7 days | 2–3 days |
Georgia offers one of the most affordable LLC formation options in the Southeast, with a low $100 filing fee, no franchise tax, and a simple $50 annual registration requirement. It's a strong choice for entrepreneurs who want straightforward compliance and solid legal protections.
Florida is appealing to those prioritizing tax savings, as it has no state income tax, though its annual fees are significantly higher.
North Carolina provides a moderate balance between costs and taxes, but requires a larger annual payment.
Tennessee, while fast in processing, is the most expensive to maintain due to its steep franchise tax and high annual costs, making it less attractive for small businesses and startups.
Georgia does not require the names of LLC members to be included in the Articles of Organization, which offers a basic level of privacy at the formation stage. However, when you file your annual registration with the Georgia Secretary of State, you may be required to list the names and addresses of managers or members, depending on your LLC’s structure. To reduce public exposure, many business owners opt for a manager-managed LLC, which allows only the manager’s name to appear on public records. Additionally, using a Georgia registered agent service instead of your personal address can shield your home address from public view, further preserving privacy.
Georgia is a top choice for business owners seeking a balance of affordability, legal protection, and growth potential. It has one of the lowest LLC formation costs in the country and no annual franchise tax, which makes it financially accessible.
The Georgia Corporations Division also offers a user-friendly online platform for filing and managing business documents, which streamlines compliance. From a strategic standpoint, Georgia’s central location in the Southeast and its robust infrastructure, especially around Atlanta, make it ideal for businesses involved in logistics, distribution, or regional service delivery.
The state is consistently ranked as one of the most business-friendly environments in the U.S.
Not entirely. While Georgia LLCs are exempt from state franchise taxes, they are not fully tax-free. The profits from your LLC are typically passed through to you as the owner and reported on your personal tax return, where they are subject to Georgia’s 5.75% state income tax.
The LLC itself does not pay income taxes unless you choose to have it taxed as a C Corporation. For most small businesses, the default pass-through taxation model is more beneficial, but it’s important to understand that federal and state income taxes still apply to your share of the profits.
Despite many strong benefits for entrepreneurs, any Georgia LLC can face these limitations:
If you want a low-cost, straightforward way to run your business legally, form an LLC in Georgia. File your paperwork, get your EIN, and stay compliant each year.
Georgia keeps costs low and compliance straightforward, without the extra franchise taxes some other states charge. If you're serious about starting a business and want to protect your personal assets from business debt or legal issues, forming a Georgia LLC gets you there with less hassle.
Learn How to Form an LLC in State |
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Alaska |
Alabama |
Hawaii |
Florida |
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