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What legal steps do I need to take to start a small business in Georgia?

Picture of Chris Battis By   ·  1 minute read

To start a small business in Georgia, there are several legal steps that must be taken:

  1. Choose a Business Structure: You need to select a business structure that is suitable for your business. The most common business structures are sole proprietorship, partnership, Limited Liability Company (LLC), and corporation. The choice of business structure depends on the size of the business, the number of owners, and the level of protection desired for the owner's personal assets.
  2. Register Your Business: You must register your business with the Georgia Secretary of State. For this, you must submit the Articles of Incorporation or Certificate of Formation, along with the necessary fee, depending on the business entity.
  3. Obtain Licenses and Permits: Depending on the type of business you plan to run, you may need specific licenses and permits. Georgia has a "Georgia Licensing Directory" website, which lists the types of professions and businesses that require state-level licenses.
  4. Register for Taxes: You will need to register with the Georgia Department of Revenue for state and federal taxes. Businesses operating in Georgia are required to obtain a State Tax Identification Number, Georgia Sales and Use Tax Numbers, and a Federal Employer Identification Number (EIN).
  5. Obtain Business Insurance: It is recommended that companies in Georgia get insurance coverage to protect their assets against theft, natural disasters, and other risks. Liability insurance is also important to protect against lawsuits and other legal claims.

There are potential limitations and exceptions to these steps. The specific requirements may vary significantly depending on the business type, location, and other variables. To ensure that you comply with all of the necessary laws and regulations, it is best to consult with a licensed attorney or business advisor.

If you need further assistance in starting your small business in Georgia, you may contact the Georgia Small Business Development Center (SBDC). They offer free guidance and resources to help entrepreneurs start, grow, and succeed in their businesses.