How To Set Up A Dba In Georgia

Download Commodity

Download Article

A sole proprietorship is the simplest business to go upwards and running in Georgia. It has only one possessor, and authoritative start-up costs are low. However, if you lot want to hire employees or operate under a trade proper name, you will need to file boosted paperwork.

1. i

   Decide if you want a business proper name. Yous tin operate your sole proprietorship under your legal proper noun.^[1] For example, Michael Jones tin can concur himself out as "Michael Jones." However, yous might desire to utilise a business name that is different from your legal name.

   • A business name is a adept idea if you want to advertise, or if someone else works in your profession with the same proper name as yours.

2. ii

   Choose a memorable proper name. Brand sure the proper name is something consumers will recall. Information technology should also convey your make—the ideas and emotions y'all want consumers to recollect of when they hear your business proper noun.

   • For case, "Milledgeville Baker" is boring and doesn't convey anything most your business organisation. However, "Cupcakes and Candies" tells consumers what you specialize in.

   Advertizing

3. iii

4. four

   Annals your trade proper name. File your trade name with the clerk of the Superior Court in the canton where your business is located. You'll demand to pay a filing fee, which is normally around $160.^[2]

   • You lot might also want to annals your proper name as a federal trademark. Information technology costs a few hundred dollars, just information technology gives you important rights. For example, you tin can sue someone in federal court for using your trademark without permission.^[iii]

5. 5

   Publish your name in the newspaper. The name must run for two weeks.^[four] Check with the clerk to encounter which papers you tin publish in and what proof of publication you lot'll demand to submit.

   Advertising

1. one

   Obtain necessary licenses or permits. Depending on your business, you might need certain licenses or permits before you can beginning doing business. Consider the following:

   • Some cities and counties might require a business organisation license. Check with your city or county government.^[5]
   • Some occupations crave licenses. Check with the Secretary of State's Licensing Lath, which maintains a list of licenses required for each profession.^[6]
   • Your nearest Small Business organization Development Center (SBDC) can also aid you identify what you need. Find your nearest SBDC at https://www.sba.gov/tools/local-assistance/sbdc.

2. two

3. 3

   Register to pay state taxes. If you sell goods to the public, you'll demand to collect sales tax. You will also need to submit withholding taxes if you lot accept employees. You tin annals to pay state taxes at the Georgia Tax Center website, which has created a helpful video showing you how to register: https://dor.georgia.gov/videos/how-annals-sole-proprietor.

4. iv

   Hire employees legally. You must written report new hires within xx days of hiring them. Contact the Georgia New Rent Reporting Middle to report online. You'll need to register your business using your EIN.^[viii]

   • Your employees should consummate Form I-9.
   • You'll besides need to carry workers' compensation insurance if you have three or more than full- or function-time employees. You tin find an appropriate policy by contacting an insurance agent. The amanuensis will written report to the state that you are carrying the necessary insurance.^[9]

   Advertisement

1. 1

   Open up a business banking concern account. Open up an account with your business name document and your EIN. You tin become a checking and savings account, but store around for the best deals. Some banks offering pocket-size business owners reduced banking fees and other perks.

   • Information technology'south a adept idea to continue your business concern and personal banking carve up. Doing so will assist you more easily rails your business expenses.^[10]

2. two

   Find infinite for your business. You might want to run your business from domicile. Cheque that your neighborhood'due south zoning allows you to. If yous want to rent commercial space, then search the classified listings in the newspaper and look on websites such equally Loopnet.com.

3. iii

   Obtain business insurance. The police doesn't recognize any distinction between you and your sole proprietorship. For this reason, y'all are personally responsible for all lawsuits. If a client sues your concern, they can come afterwards your personal assets, such as your habitation. Protect yourself by getting general business liability insurance.^[11]

   • Talk to an insurance agent about your needs.

4. 4

   Typhoon a business organisation program. A business plan describes your goals for the next iii or four years. If you want a business loan, and so a lender volition require a business program. Still, even if you aren't seeking financing, it's a good idea to write a business programme. It tin clarify your goals and force you lot to call up about how to achieve them. Include the following in your program:^[12]

   • Business description. Identify your concern mission statement. For example, yous might exist committed to providing landscaping services to northwestern Georgia. Also offering a general description of the goods or services yous will provide.
   • Market analysis. Hash out current trends in your manufacture and identify your target consumers in terms of location, historic period, gender, didactics, income, etc.
   • Competitor assessment. Ascertain who your competitors are and explain their strengths and weaknesses.
   • Marketing programme. Draw your promotional efforts and explain how your pricing strategy ties in.
   • Financial plan. You should discuss your electric current financial performance (if you lot are up and running). Also estimate financials for the next few years. Create income statements, balance sheets, and cash flow statements.

5. 5

   Hire professional help. You lot might want to do everything when you start. However, equally your business organization grows, you should consider hiring the post-obit professionals:

   • Accountant. An accountant tin aid you file taxes. They can also create the fiscal documents y'all demand in your business plan. Find an accountant past asking another concern possessor if they would recommend theirs.
   • Bookkeeper. Carefully track your business transactions every day. You might utilise software to start, but somewhen you'll spend then much time on recording transactions that you need to hire a bookkeeper.
   • Business concern lawyer. Your lawyer represents yous in court, and they tin also serve as a trusted business organisation advisor. For example, if you demand to fire an employee, then your lawyer can tell you how to do and so legally. Obtain a referral to a business lawyer past contacting your nearest bar association, which you tin discover at https://world wide web.gabar.org/aboutthebar/lawrelatedorganizations/localvoluntarybars/index.cfm.

   Advertisement

Ask a Question

200 characters left

Include your e-mail accost to get a bulletin when this question is answered.

Submit

Advertisement

About This Article

Thanks to all authors for creating a page that has been read 29,403 times.

Did this article help you?

How To Set Up A Dba In Georgia,

Source: https://www.wikihow.com/Set-up-a-Sole-Proprietorship-in-Georgia

Posted by: beltgulay1984.blogspot.com

Share this post