Quick LLC Steps in GA

Posted by JohnP 03/17/2008 at 13:43

Quick Inc Steps in GA

  1. Determine what type of company you need/wish to be. Assuming LLC here.
  2. Come up with a Name Joe’s Body and Leg Shop, LLC – LLC must be in the name.
  3. Get a mail drop at a local UPS Store or similar so the corporate address can be placed on all State Documents.
  4. Reserve that name with the Secretary of State $25 – good for 30 days only
    1. Within a few days, you’ll be notified if your name is available/reserved.
  5. Get Employer Identification Number (EIN) from the IRS
    1. 75 days to send in IRS Form 8832 to get your LLC classified (C/Sole proprietor, etc.) if the default doesn’t work for you.
  6. Fill out your Articles of Organization and send to the Secretary of State $100 to file.
  7. Get a local business license (County/City), as needed.
  8. Trade Name Registration – Superior Court Clerk’s Office does it here.
  9. After the state and county provide confirmation that you are a company, get a bank account
    1. Checks, check card, VISA are nice.
  10. Order these business things
    1. Corporate Seal – not needed
    2. Business cards – CEO or Director of something or other?
    3. Letterhead
  11. Business Insurance
  12. Get paying customers
  13. open SEP-IRA for you and your employees
  14. Health Care Insurance
  15. get reimbursed for all the money you spent setting this up.
  16. Start tracking your business expenses – travel to the bank, mailbox, customers, etc…
  17. Make Money.

Ok, now you need to read and understand all the tax laws (or get data from your lawyer and/or CPA) Mileage, business meals, need to be carefully recorded and kept track of. Business expenses are not income.