Single Member Operating Agreement Georgia

Thank you very much for this site. It made my life a lot easier!! I have a question. My husband and I are the only members of our LLC. Can I still the sole proprietorship LLC or do we have to put multi LLC under tax and financial rules? We have an investment of 50 50, so I put the 50% percentage for each of us subject to capital. Thank you for your help in advance. No matter what type of Georgia LLC you start, you should create a company agreement. Here`s the reason: Whether you`re creating an LLC with one or more members, your company agreement should cover all of the following topics. Some of these provisions do not have a major influence on the effective operation of a single-member LLC, but they are nevertheless important to account for legal formality. Yes. While you won`t submit your company agreement to the state, a company agreement is the best way to keep control of your Georgia LLC in the face of change or chaos. In this manual, we provide you with free tools and templates to launch your Georgia LLC business agreement. The State of Georgia does not require a company established in the State to implement this document.

However, if the member decides not to introduce the document, the member/owner could find that in the event of a lack of activity or litigation, his personal assets would be vulnerable to the recovery of business expenses. If the document is actually implemented, the owner`s property would be protected to avoid serious losses. If this document exists, there are also tax benefits that would not be available without the document. Finally, how do you deal with different .b.`s/trade names? I believe I have to do this with the county, but is there also a way to include this in the company agreement? And can two members of a 50/50 LLC be the LLC, but do they have different percentages in the d.b.a.? As in, I manage one d.b.a. and I get 100% from the management, and my wife runs another and gets 100% from the management. After a larger corporate event, for example. B.dem adding or losing a member, it`s a good idea to review and update the company agreement….