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What legal steps should I 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 to take. Here are some of the key ones:

  1. Choose a business structure: You'll need to decide what kind of business entity you want to form, such as a sole proprietorship, partnership, LLC, or corporation. Each has its own legal and tax implications, so it's important to weigh the pros and cons of each before deciding.
  2. Register your business: You'll need to register your business with the Georgia Secretary of State's office. The exact requirements depend on your chosen business structure, but generally you'll need to file articles of incorporation (for corporations), articles of organization (for LLCs), or a trade name registration (for sole proprietorships and partnerships). There may also be additional permits or licenses required depending on the nature of your business.
  3. Obtain necessary licenses and permits: Depending on your industry and location, you may need to obtain additional licenses or permits from local or state authorities. For example, a restaurant will need health permits and alcohol licenses, while a home-based business may need a zoning permit. Research the specific requirements for your industry.
  4. Get an EIN for tax purposes: An Employer Identification Number (EIN) is a unique identifier for your business that is used for tax purposes. You can obtain an EIN from the IRS free of charge.
  5. Set up a business bank account: It's important to keep your personal and business finances separate, so you should open a separate bank account for your business.
  6. Create a business plan: While not a legal requirement, creating a business plan can help you ensure that you have a clear and achievable vision for your business. It can also help you secure funding if needed.
  7. Consult with an attorney: Depending on the complexity of your business, it may be a good idea to consult with an attorney who can advise you on legal compliance and help you draft any necessary contracts or agreements.

It's important to note that the specific legal steps required to start a small business in Georgia may vary depending on your specific circumstances, and this advice is not a substitute for legal counsel. If you have any questions or concerns about starting your business, it's recommended that you consult with a licensed attorney.