Key Steps for Starting a Business
To start a business in Georgia, follow these steps:
- Choose a business structure
- File paperwork with the Secretary of State
- Obtain licenses and permits
- Register for taxes
If forming an LLC, you must file Articles of Organization. A DBA allows businesses to operate under a preferred brand name. Sole proprietors can operate under their own name but may still require specific licenses.
Name Registration and Legal Requirements
Registering a business name in Georgia is essential to formalize the venture and for brand recognition. Check the name’s availability on the Georgia Secretary of State Business Search before registering.
- Corporations must file an initial registration listing officers within 90 days with a fee of $50 for profits and $30 for nonprofits.
- The filing fee for forming an LLC is $100.
- A registered agent with a Georgia address is required to accept legal documents.
Licenses, Permits, and Taxes
Operating legally may necessitate various licenses and permits, depending on your business. All companies, including online businesses, require a business license, and unlicensed operation can lead to heavy fines and operational ceasing. For certain professions, such as in the food services or medical fields, health permits or state licenses are needed.
Registering for taxes with the IRS is also crucial, and most businesses will need an Employer ID Number (EIN). You should also consider your obligations for collecting sales tax and any possible tax exemptions.
Business Name Registration
- Check name availability to prevent legal issues and confusion.
- Choose an exclusive name that reflects your business’s nature.
- Afterwards, proceed to register the name with the state.
Support is available if you need assistance registering your business name in Georgia.