If you want to open a business in Georgia, you might be curious about the price of a resellers license. You can sell goods in the state of Georgia while also collecting and remitting sales tax to the Georgia Department of Revenue if you have a resellers license, which is also known as a sales tax permit.
It’s free to obtain a resellers license in Georgia, which is good news. The Georgia Department of Revenue issues sales tax permits, which are free to apply for. You will nevertheless be required to submit some business-related information, including your company’s name, address, and Federal Tax ID number.
Georgia does not charge for a resellers license, but there are other expenses related to opening a business there. The filing fee, for instance, is $100 if you want to set up a limited liability company (LLC). In Georgia, an LLC must pay an annual fee of $50.
You must pay Georgia business taxes in addition to the fees associated with forming a business. Georgia has a local option sales tax that varies by county in addition to the state tax, which is 6%. For instance, the local sales tax in Fulton County is 3%.
You must register as a “doing business as” (DBA) with the Georgia Secretary of State’s office if you intend to run your business under a name other than your own. You can use a business name that is different from your given name by registering a DBA for a $25 fee.
In conclusion, obtaining a resellers license in Georgia is free, but opening and operating a business in the state incurs additional expenses. The filing fee and annual fee for forming an LLC are each $100. Additionally, you’ll have to pay sales tax, which is 6% in each county and varies by state. Finally, you must submit a DBA registration for a fee of $25 if you intend to use a business name that is different from your given name.
A DBA (Doing Business As) is crucial because it enables companies to conduct business under a name other than their legal name. This can be helpful for maintaining multiple business ventures under one entity as well as for branding and marketing purposes. In some states, businesses operating under a different name must also register their DBA, and failure to do so may have legal repercussions.