What steps do I need to take to start a small business in Georgia?
To start a small business in Georgia, you need to take the following steps:
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Choose Your Business Structure: You need to decide what type of legal entity you want to form, such as a sole proprietorship, partnership, limited liability company (LLC), S corporation, or C corporation. Each structure has its own advantages and disadvantages, so it is important to consult with a lawyer or accountant to determine which one is best for your business.
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Register Your Business: If you choose to form an LLC, S or C corporation, you will need to file articles of organization or incorporation with the Georgia Secretary of State. If you operate a sole proprietorship or partnership under a fictitious name, also known as a "doing business as" (DBA) name, you will need to register with the Clerk of Superior Court in the county where your business is located.
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Obtain Licenses and Permits: Depending on your type of business and its location, you may need to obtain various licenses and permits from federal, state, and local government agencies. These might include a Georgia business license, sales tax certificate, professional license, or zoning permit.
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Obtain Insurance: Business insurance can protect you from liability for accidents, injuries, or other legal claims that may arise. Some types of insurance may be required by law, such as workers' compensation insurance for employees.
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Set Up Your Finances: You will need to open a business bank account and obtain a federal employer identification number (EIN) from the Internal Revenue Service (IRS). This number is used to identify your business for tax purposes, and is necessary if you hire employees or form an LLC or corporation.
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Hire Employees: If you plan to hire employees, you will need to comply with state and federal labor laws, including wage and hour laws, anti-discrimination laws, and workplace safety regulations.
Remember that this advice is general in nature, and there may be specific legal requirements that apply to your business depending on its location, industry, and other factors. It is always a good idea to consult with a licensed attorney who is familiar with Georgia business law to ensure that you are in compliance with all applicable regulations.