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What are the requirements for starting a business in Georgia?

Picture of Chris Battis By   ·  1 minute read

To start a business in Georgia, there are several requirements that must be met.

  1. Choose a Business Structure:

    2. The first step in starting a business in Georgia is to decide on the business structure. The options available are a sole proprietorship, partnership, LLC, S corporation or corporation. Each type of business structure has different legal and tax implications, so it is important to consult with a legal professional before making a decision.

  2. Register Your Business:

    3. Once you have decided on the business structure, you need to register your business with the state of Georgia. You can register your business online at the Georgia Secretary of State's website, or you can mail in a paper application. The registration fee is $100.

  3. Obtain any Required Permits or Licenses:

    4. Depending on the type of business, you may need to obtain certain permits or licenses before you can operate legally. For example, a restaurant may need a food service permit, while a construction company may need a contractor's license. Contact the Georgia Department of Revenue to determine what permits or licenses may be required.

  4. Obtain an Employer Identification Number:

    5. If you plan to hire employees, you will need to obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). You can apply online at the IRS website, or by mail.

  5. Open a Business Bank Account:

    6. It is important to keep your business and personal finances separate. Open a separate bank account for your business to keep track of your expenses and revenue.

  6. Obtain Business Insurance:

    7. Business insurance can help protect your business in the event of a lawsuit or other unexpected event. Talk to an insurance agent to determine what type of insurance is appropriate for your business.

In summary, starting a business in Georgia requires choosing a business structure, registering the business with the state, obtaining necessary permits and licenses, obtaining an EIN, opening a business bank account, and obtaining business insurance. It is important to consult with a legal professional to ensure all requirements have been met and to avoid any potential legal issues.