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What steps do I need to take before starting a small business in Georgia?

As a lawyer, I would advise individuals looking to start a small business in Georgia to take the following steps:

  1. Choose a legal structure: Before starting a business, you must choose a legal structure that best suits your needs. In Georgia, the most common structures include sole proprietorships, partnerships, limited liability companies (LLCs), and corporations. Each structure has its own advantages and disadvantages, and it's essential to carefully consider which one will work best for your business.
  2. Register your business: You need to register your business with the Secretary of State in Georgia. The registration process involves filing Articles of Incorporation or Articles of Organization (for LLCs) and paying the necessary fees. After registration, you will receive a Certificate of Incorporation or Certificate of Organization.
  3. Obtain necessary licenses and permits: Depending on the nature of your business, you may need various licenses and permits before you can operate legally in Georgia. These may include a business license, professional licenses, and permits from local or state government agencies.
  4. Obtain an Employer Identification Number (EIN): If you plan to hire employees or run a corporation, you must obtain an EIN from the IRS. This unique identification number helps the government track your business's tax liabilities.
  5. Open business accounts: It's important to keep your personal and business finances separate to avoid confusion and legal issues down the line. Open a separate business bank account and credit card for your business.
  6. Purchase insurance: Purchase appropriate insurance coverage to protect your business from potential financial losses. Types of insurance may include liability insurance, property insurance, and worker’s compensation insurance, among others.
  7. Comply with tax obligations: Paying taxes is an essential aspect of running a business in Georgia. Ensure that you understand and comply with all tax obligations, including sales tax, payroll tax, and income tax.

In conclusion, starting a small business in Georgia involves several legal requirements that must be followed carefully. While these steps will give you a general idea of what to expect, it is advisable to consult with a licensed attorney to ensure that you comply with all necessary legal procedures.