Articles of incorporation must then be submitted to the Georgia Secretary of State’s office. The name and address of the corporation, its purpose, the amount and kind of shares of stock, and the names and addresses of the founding directors must all be included in these articles. These articles can be submitted online or by mail. Articles of incorporation require a $100 filing fee.
A federal tax identification number must be obtained from the IRS when the articles of incorporation have been submitted. This number is necessary to open a bank account in the corporation’s name as well as for tax purposes. You can apply online or by mail for a tax identification number.
There are more ongoing criteria for keeping a corporation in Georgia in addition to these. This involves hosting yearly shareholder meetings and submitting annual reports to the Secretary of State’s office. Penalties and loss of liability protection may arise from failure to adhere to these standards.
Depending on the sort of corporation you want to form and the services you need, the cost to do so in Georgia can change. Articles of incorporation filing fees start at $100, although there may be additional costs for expedited service, legal counsel, or incorporation service.
In general, entrepreneurs and small business owners can gain a lot by incorporating in Georgia. You can safeguard your personal assets, gain from tax deductions, build credibility with clients and business partners, and preserve your personal assets by fulfilling the essential procedures and upholding continuing duties.