Starting a business in Georgia is a thrilling and perhaps lucrative endeavor. However, you must register your firm with the state before you may start operating. Many business owners are curious about the cost of Georgia business registration. The type of business you are launching and the paperwork you must complete are two elements that will determine the answer.
Depending on the type of business you are launching, Georgia has different registration fees. In Georgia, corporations, partnerships, limited liability companies (LLCs), and sole proprietorships are the most prevalent business structures. These business kinds can be registered for anywhere between $50 and $225. A sole proprietorship or partnership must pay $50 to register. An LLC must pay $100 to register, whereas a corporation must pay $225.
You might also need to register your business name, which will add to the cost of registration. All businesses in Georgia are required to register their names with the state. In Georgia, registering a business name costs $25. In addition to the price of registering your business type, there is also this fee.
By submitting a trademark application to the United States Patent and Trademark Office (USPTO), you can register your company name in Georgia. A trademark application with the USPTO might cost anywhere from $225 and $400 per class of goods or services. In addition to any legal fees you could pay while submitting your trademark application, there is also this fee.
There are no expenses associated with obtaining an Employer Identification Number (EIN) in Georgia. By submitting an online application on the IRS website, you can get an EIN for nothing. If you want to recruit staff, get a business bank account, or submit business tax returns, you need an EIN.
In conclusion, the price to open a business in Georgia varies depending on the kind of enterprise you are launching and the paperwork you must submit. A sole proprietorship or partnership must pay $50 to register, an LLC must pay $100, and a corporation must pay $225 to register. Additionally, you might need to pay $25 to register your business name and $225 to $400 per class of products or services to submit a trademark registration to the USPTO. In Georgia, obtaining an EIN is cost-free.
You would need to get in touch with the county or city where your firm is located to obtain a business license in Georgia. It’s crucial to do your homework in advance because each county and city may have different procedures and costs for getting a business license. For additional information on registering your business and obtaining the required licenses and permissions, you can also visit the Georgia Secretary of State’s website.