What are the steps to take when starting a business entity in Georgia, and what legal documents are required?

When starting a business entity in Georgia, there are several steps that need to be taken and legal documents that need to be filed. The following is a comprehensive list of the steps and legal documents required:

1. Choose a business entity type: The first step in starting a business in Georgia is to choose the type of business entity you want to form. The four most common types of business entities in Georgia are sole proprietorship, partnership, corporation, and limited liability company (LLC).
2. Register your business with the state: Once you have chosen your business entity type, you need to register your business with the Georgia Secretary of State. You will need to file Articles of Incorporation or a Certificate of Organization (depending on your business type), along with any required fees.
3. Obtain any necessary business licenses and permits: Depending on the nature of your business, you may need to obtain various licenses and permits from state and local government agencies. Contact the Georgia Secretary of State or your local government for more information.
4. Obtain an Employer Identification Number (EIN): An EIN is a unique number assigned by the IRS to identify your business for tax purposes. You can obtain an EIN online through the IRS website.
5. Set up a business bank account: It is important to keep your personal and business finances separate, so it is recommended that you set up a separate bank account specifically for your business.
6. File for any necessary trademark or patent protection: If your business name or idea is unique, you may want to file for trademark or patent protection to prevent others from using or stealing it.

As for legal documents required, the specific legal documents required for starting a business in Georgia vary depending on the type of business entity you choose. Some common legal documents include:

• Operating Agreement (for LLCs)
• Bylaws (for corporations)
• Partnership Agreement (for partnerships)
• Business Licenses and Permits
• Contracts with vendors, suppliers or clients
• Non-disclosure agreements (NDA) or confidentiality agreements

In conclusion, starting a business in Georgia requires complying with various state and local regulations, completing required registration and legal documents, and obtaining business licenses and permits. It is wise to consult with an attorney experienced in business formation to ensure that you have met all legal requirements for your business properly.