Most states need LLCs to file an annual report, which involves updating your registered agent address and paying out your annual payment or franchise tax. A sole proprietor Individually owns a business and all its belongings. There's no individual business entity associated, so the only real proprietor is Individually liable https://www.egnc.gov.bn/Lists/ComplaintCategories/AllItems.aspx#InplviewHash92203be5-de70-4914-8805-3e2e36ac25bf=FilterField1%3DLinkTitle-FilterValue1%3DForming%2520Llc%2520In%2520Georgia%253A%2520Navigating%2520Success