How to Start a Corporation in Georgia

There are many benefits to starting a corporation in Georgia. Some of them include protecting your personal finances and assets by limiting your liability, reducing the self-employment tax you pay, and the flexibility for creating, transferring, and selling stock.

The following step-by-step guide will show you how to start a corporation in the state of Georgia.

1. Select a name for your corporation

Naming your Georgia corporation is one of the first steps in legally incorporating in the state. There are a few Georgia corporation naming requirements that you need to meet.

General corporate name guidelines

The following naming guidelines must be adhered to when deciding on a suitable name for your Georgia corporation:

• If you intend on using the words “university or college” in your Georgia corporation name then you should seek approval from the
• If you plan on using the words bank, Banque, banc, banker, company, banking, banking house, bankruptcy, Bancorp, savings, credit union, trust, or trust company, then you need to get approval from the .
• Approval must be sought from the in order to use the following words: assurance insurance, fidelity, surety, reassurance, reinsurance, or indemnity.
• Your Georgia corporation name cannot exceed 80 characters.
• Your Georgia corporation name must not contain terms, phrases, or language that may mislead the public into believing that the corporation is formed for any unlawful purpose other than what is included in the Articles of Incorporation.
• Your Georgia corporation name must be different from all other entity names on file with the .
• Your Georgia corporation name must contain the following abbreviations of words: corporate Inc. Co, ltd, corporation, company, Inc., or limited.

Trademark

You may want to consider trademarking your Georgia corporation name. As your 베팅의민족 grows, this will help you protect your company’s name from intellectual property theft or misuse. The trademarking process may be initiated on the . Alternatively, you may submit an with the office of the Secretary of State.

Entity name

A Georgia corporation’s entity name is the legal name under which the 베팅의민족 is registered. It’s also the name that must be submitted with all formation documents.

DBA (Doing-베팅의민족-as) name

It is a state requirement that all individuals, general partnerships, sole proprietorships, and corporations that regularly transact 베팅의민족 in the state of Georgia under a different name from the entity name file a DBA with the clerk of the Superior Court. This needs to be done in the county where 베팅의민족 is conducted.

2. Nominate a registered agent

A resident, statutory, or registered agent acts as your corporation’s main point of contact with the Georgia Secretary of State. Therefore, the individual is tasked with receiving important tax notifications as well as compliance documents from the state.

The main role of the statutory agent is to accept service of process, which is an action that informs a 베팅의민족 when there’s a pending lawsuit against one’s company.

Anyone may be nominated as a registered agent, including yourself, however, certain requirements must be met:

• The agent must be at least 18 years old
• The agent must have a physical address in the state of Georgia and not a PO Box address
• The agent needs to maintain availability during regular 베팅의민족 hours at the stipulated address

3. Appoint initial directors at the organizational meeting

The next step in the process is holding the first organizational board meeting. During this first meeting, the company will need to handle a few formalities such as:

• Recruiting initial directors or board of directors
• Appointing corporate officers
• Selecting a 베팅의민족 bank account
• Issue stock
• Adopting bylaws
• Approving the official stock certificate form
• Deciding on the corporation’s financial or fiscal year

Every Georgia corporation needs to have at least one initial director who will serve on the board until the first annual meeting of shareholders.

You will also need to nominate an incorporator who is responsible for signing the organization’s Articles of Incorporation.

4. File Articles of Incorporation

In order to legally and officially form your Georgia corporation, you need to file the Articles of Incorporation. It’s also referred to as a Certificate of Incorporation. It’s a document officially creating a Georgia corporation.

The state of Georgia does not provide a fillable form or template for the Articles of Incorporation, so you need to draft your own. Ensure that the document covers the following basic information such as:

• The names and addresses of the incorporator or incorporators
• The number of authorized shares the corporation intends to issue
• The name and physical street address of the resident agent
• The name and principal address of the 베팅의민족
• If your 베팅의민족 plans on issuing more than one authorized share class or series, this must be stated in the Articles of Incorporation

Once you have the necessary information compiled, feel free to file or alternatively mail it to the following address:

Office of Secretary of State
Corporations Division
2 Martin Luther King Jr. Dr. SE
Suite 313 West Tower
Atlanta, Georgia 30334

An important note when filing the articles by mail is that you must submit a as well.

An additional step required in the state of Georgia is filing a . All Georgia corporations or corporation 베팅의민족 owners must publish a Notice of Intent to incorporate on any notable newspaper in the county where the corporation’s initial registered office is to be located. The notice must be sent to the newspaper no later than the next 베팅의민족 day after filing the Articles of Incorporation with the .

5. Create and approve bylaws

Bylaws are rules and regulations that lay down how the organization will be operated. The corporate bylaws must be created in such a way that it makes the rules clear to all members of the corporation.

Additionally, the bylaws should supplement any existing rules laid down by the federal government or the state and should include the following information:

• How the corporation will be run
• The role of officers and directors
• How corporate records will be stored and maintained
• The process of holding meetings, electing directors and officers as well as voting procedures
• The process of handling company disputes
• The date of the annual shareholder meeting
• The process of amending or adding bylaws in the future
• How contracts will be negotiated as well as the fiduciary duties to the corporation

6. Select a share structure

A share of stock represents the unit of ownership of a corporation. Therefore, each share of stock is an indication of the percentage of ownership of the 베팅의민족. For example, if a corporation decides to issue one share of stock, then the shareholder or stock owner owns 100% of the company.

Additionally, shares may be structured into classes, and each of these classes is termed a shared class. Furthermore, each share class holds a different set of rights and privileges. A corporation is allowed to have multiple classes holding any number of shares.

7. Obtain an EIN

An EIN is required by all Georgia corporations, irrespective of whether you registered your new 베팅의민족 as a separate legal entity or not. An EIN stands for Employer Identification Number and is a unique nine-digit code assigned by the Internal Revenue Service to all 베팅의민족 entities in the states. It is used as a form of identification and is essentially a Social Security number for your corporation.

Obtaining an EIN is completely free of charge, and you need to on the IRS website. Alternatively, you may download the EIN form, also known as , and submit it to the following address:

Internal Revenue Service
EIN Operation
Cincinnati, OH 45999

Once you’ve received your EIN, it will allow you to open a 베팅의민족 bank account for your corporation, assist with federal tax and state tax purposes, and hire employees for your 베팅의민족.

8. File Georgia state taxes

Your Georgia corporation may be liable for the following state taxes:

• Estimated taxes: Most corporations in the state of Georgia will need to pay estimated taxes throughout the financial year. Ultimately this depends on the amount of income and profit that you expect to make.
• Employee insurance tax: If you plan on hiring employees for your Georgia corporation, then you need to pay insurance and taxes to the state for each employee. Refer to the for more information.
• Corporation tax: All Georgia corporations registered as a C corporation, must our corporate tax returns to the Internal Revenue Service and also pay corporation taxes on profits. Additionally, shareholders are liable to pay tax on dividends received from a Georgia C corp. This ultimately results in double taxation.

9. Georgia 베팅의민족 licenses and permits

Your Georgia corporation, based on 베팅의민족 structure or type of 베팅의민족 may need the following licenses and permit to conduct 베팅의민족 in the state:

• Occupational tax certificate: The state of Georgia does not have a general 베팅의민족 license. However, many cities require corporations to apply for an occupational tax certificate to legally operate in the state. The rules for 베팅의민족 registration will vary depending on where you are doing 베팅의민족 as well as the nature of your 베팅의민족.
• Sales tax certificate of exemption: If your corporation plans on buying merchandise for the purposes of resale, then you’ll want to obtain a . The benefit of having this sales tax certificate is that you will not be liable for sales tax for merchandise that is being resold to customers
• : Interior designers, home inspectors, plumbers, accountants, landscapers, and all other 베팅의민족es considered professional corporations may need to apply for a professional license in order to legally operate or conduct 베팅의민족 in the state.

10. Annual report requirements in Georgia

Georgia state law dictates that all corporations in the state file a each year with the Georgia Secretary of State Corporations Division. The purpose of submitting an annual report is to provide public disclosure of the corporation’s operations and financial activities each year.

Failure to submit an annual report to the Georgia state’s office means that your corporation’s status could be revoked or fortified.

11. Costs of starting a corporation in Georgia

The filing fees below apply to all Georgia corporations:

• : $25
• DBA name: $172
• Articles of Incorporation: $110
• Annual report: $50
• Georgia Certificate of Good Standing: $10

Next steps after forming a corporation

After filing the relevant paperwork and taking the necessary steps to get your corporation off the ground, there are a few additional steps that you’ll need to comply with in order to keep your corporation in good standing and bring in profits.

Obtain 베팅의민족 insurance coverage

While forming a corporation does come with its own set of benefits, such as limiting your personal liability, you’ll still need to apply for 베팅의민족 liability insurance coverage. This is because the personal liability that you’re afforded when creating a corporation is not unconditional. Your personal assets could still be at stake. So ensure that you have liability protection from personal injury or property damages in the event of a lawsuit.

Prepare for 베팅의민족

In addition to opening up a corporate bank account in your 베팅의민족 name to separate your personal finances from your corporation’s financial transactions, you should prepare for 베팅의민족 opportunities. If you plan on working with employees, customers, and contractors, then you should have the relevant paperwork to document each of these relationships. For instance, an independent contractor agreement is necessary if you plan on using independent consultants. Alternatively, a non-compete form is required prior to hiring any employees.

FAQs

What is a Georgia Certificate of Good Standing?

A Georgia Certificate of Good Standing is a legal document confirming that your 베팅의민족 is compliant with Georgia state regulations. In the state of Georgia, it is also called a .

How do I start an 베팅의민족 텐카지노 in Georgia?

In order to form an 베팅의민족 텐카지노 or limited liability company in the state of Georgia, you’ll need to file , also known as the Articles of Organization, with the Georgia Corporations Division. This is a legal document that officially creates your Georgia limited liability company.

Should I register my 베팅의민족 as an 베팅의민족 텐카지노 or S corporation?

While an 베팅의민족 텐카지노 does come with its own set of benefits, if you plan on having multiple people involved in your 베팅의민족, then it is better to register as an S Corp, as opposed to an 베팅의민족 텐카지노. This is because there will be oversight by the Board of Directors.

Is a sole proprietorship better than 베팅의민족 텐카지노?

While a sole proprietorship is beneficial for low profit, low risk, and small-scale 베팅의민족es, it does not offer protection for your personal assets. An 베팅의민족 텐카지노, on the other hand, is beneficial for most small 베팅의민족 owners due to the liability protection that it offers.

What are the benefits of incorporating in Georgia?

Georgia corporations enjoy various advantages, including tax benefits and limited liability protection, as well as ownership interests that are easier to transfer.