Incorporate in Georgia

2007-03-08 10:33:40

( Business )



Risks are always involved in a business. Incorporating a business by yourself is a risky one too if you are not too familiar with a state’s laws. There are some facts for you to consider if you want to incorporate in Georgia.
Actually, you may incorporate in Georgia through a lawyer. For a business just starting, this would be an expensive option.
You may also incorporate in Georgia through a professional incorporation company but you also have to pay a fee. Although it would be cheaper to incorporate your business through this than through a lawyer, you still have to spend some amount of money.
How do I incorporate by myself? You just go to the government agency handling incorporations and follow their procedures. Before you do this, you may want to incorporate online. Once you get some information, you may personally handle the required documents.
To incorporate in Georgia, here are some basic procedures you should follow. Your corporation name should include the word “Corporation”, “Company”, “Incorporated”, or “Limited”. The characters in the corporation name, including punctuation and spaces, should not go beyond the 80 character limit.
The corporation name should be unique and should not contain any obscene words. This will be evaluated by the government agency concerned.
The directors should be 18 or above. There should be one or more directors but it is not necessary to list the names of the directors in the incorporation documents.
The annual statements should be filed accurately and without deceptive purposes. If the business has just been duly incorporated, an annual statement has to be filed within 90 of incorporation.
Six percent of the net taxable income is imposed as an annual tax rate requirement. In the case of an increase in company worth or shares, it does not necessarily follow that there will be an increase in filing charges too.


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