Starting a business in Georgia is an exciting business. The Georgia Department of Revenue can help you register to pay business-related taxes, obtain liquor or tobacco-related permits/licenses, register company vehicles, and understand your responsibilities for state source deductions (if you have employees). Identifying the best domain to start your business is critical to success. Some of the most popular places for small businesses in Georgia are Atlanta and Savannah. If you want to refresh everything that goes into this decision, check out our guide to choosing the perfect business location. If you think starting a business is right for your business, there are six steps to starting your business as a business. Also, you need to decide what type of business your business will be, such as a C company or an S company. Once you feel confident in your answers to these questions, it`s time to move on to your company`s behalf. Their company name is the cornerstone of a good brand image and a successful business. To learn more about how to create the best name for your business, check out our guide to naming a business. “We have a good relationship with local loan companies,” Belangia said. “We`re trying to close that gap to give [businesses] access to the services they need. We organize pitch events where they can perform in front of investors.

People who are open-minded and understand that there is talent in startups and companies outside of big cities. An accounting system helps you track your company`s performance and simplifies annual tax returns. With high-quality accounting software, you can upload your bank and credit card transactions and make accounting quick and easy. Learn more about the importance of accounting and how you can start doing it today. Or hire a chartered accountant to help you handle all your business accounting and tax needs, from payroll to sales tax. More than 1 million small businesses operate in Georgia, according to the U.S. Small Business Administration`s Office of Advocacy. These companies account for 99.6% of all businesses in the state of Peach and employ a population of 1.7 million people, or nearly 43% of all employees in Georgia. While Georgia is home to a host of large companies — including Delta Air Lines, Home Depot, UPS and Coca-Cola — small businesses remain the backbone of the state`s economy.

Georgia`s entrepreneurial community is growing with a vibrant startup scene, a booming tech industry, and more. While some state fees and taxes are difficult to navigate, Georgia has a vibrant community of customers and other business owners who help you succeed. Is the URL available? We recommend checking online to see if your company name is available as a web domain. Even if you don`t plan on creating a professional website, you can buy the URL to prevent others from acquiring it. Check out our list of great ideas for small businesses. We spoke with entrepreneurs, small business owners, and consultants in Georgia about what new businesses can expect in the state. They were largely optimistic about the future of business in Georgia, but also mentioned some challenges. What is personal liability coverage? Liability protection can create a legal separation between your personal assets and your business. We recommend that all small businesses, including home-based businesses, purchase a general liability insurance policy. Companies that sell professional advice or services, such as consulting and accounting firms, should also consider professional liability insurance. Sales taxes in Georgia are due on the 20th of each month following your reporting period.

You must report and pay sales and use taxes monthly, quarterly or annually. To determine which frequency is best for your business, contact a lawyer or chartered accountant (CPA). Tip: Pitch business ideas to potential investors at local events such as fundraisers, galas and conventions. A persuasive and well-prepared pitch increases your chances of convincing an angel investor to support your business. To open a bank account for your business in Georgia, you need an Employer Identification Number (EIN). You use your EIN instead of your Social Security number, so that account is completely separate from your personal finances. After that, you start your research on different business bank accounts.