Incorporation Process in Georgia
To file your Articles of Incorporation, the Georgia Secretary of State Corporations Division charges a $100 fee online or $110 by mail or hand-delivery. Within 90 days of incorporation, each Georgia corporation must file an initial annual registration that lists three principal officers with the Secretary of State.
You can find information on any corporation or business entity in Georgia or another state by performing a search on the Secretary of State website. The cost to form a Georgia Corporation can be small but operating costs can be more than you expect. Taxes are one of the primary reasons why entrepreneurs opt for an LLC or elect S Corporation status as both are pass-through entities, resulting in lower Georgia LLC costs per year. Limited liability protection is one of the most important aspects to consider apart from the forming cost.
Tax Considerations and Documents Required
All income, whether sourced locally or internationally, is taxable at a flat rate of 15%. Submission of returns must be done periodically or monthly. There’s no concept of a ready-made company. Documents to provide include passport copies of all individuals, beneficiary owners, and a Power of Attorney. Certified company documents may be required if a shareholder is going to be a foreign company. Georgia Forex license application is approved within 2 months upon submission.