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Starting an S-Corp in Georgia can be a great way to take advantage of the tax benefits and legal protections that a corporation provides, while still retaining the flexibility and simplicity of a small business. Here is a step-by-step guide on how to start an s-corp in georgia:

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Step 1: Choose a Name and Register Your Business

The first step in starting an S-Corp in Georgia is to choose a name for your business and then register it with the Secretary of State's office. You will need to search the Georgia Secretary of State's Corporations Division database to ensure your chosen name is available; if it is already taken, you will need to choose another name or come up with a slightly different variation. To register your business, you will need to file Articles of Incorporation with the Secretary of State (either online or via mail), indicating that you are forming an S-Corp.

Step 2: Obtain an Employer Identification Number (EIN)

All Georgia corporations, including S-Corps, are required to obtain an Employer Identification Number (EIN) from the IRS. An EIN is a unique identifier that the IRS uses to track your business for tax purposes. You can apply for an EIN online, by phone, or by mail.

Step 3: File and Pay All Required Fees

Once you have registered your S-Corp with the Secretary of State and obtained your EIN, you will need to pay all the required fees. These may include:

- A one-time fee to file the Articles of Incorporation with the Georgia Secretary of State's office;

- An annual fee to maintain your business's good standing with the state;

- A tax on your corporation's net income (if applicable); and

- Any other applicable permits or licenses required by the City or County where your business is located.

It is important to pay all the fees in a timely manner as failure to do so may result in penalties or even the revocation of your business license.

Step 4: Draft and File Your Corporate Bylaws

Corporate bylaws are the legal documents that establish the rules and regulations by which your corporation will operate. They govern how the corporation's directors are elected and the procedures for adopting resolutions. Your bylaws should also outline the roles and responsibilities of officers, how accounting will be handled, and any other matters that govern the way your corporation operates. You will need to register your corporate bylaws with the Georgia Secretary of State and also keep a copy of them at your business premises.

Step 5: Hold an Organizational Meeting

After you have filed your Articles of Incorporation, obtained your EIN, paid all necessary fees, and drafted and filed your Corporate Bylaws, it is time for you to hold an organizational meeting. The purpose of this meeting is to elect officers for your corporation, adopt corporate bylaws to govern the business, and establish a record of the decisions made. A record of the organizational meeting must be kept and available to shareholders upon request.

Step 6: Issue Stock Certificates

As an S-Corp, issuance of stock certificates is a critical step in keeping track of who owns a portion of your business and who has a part in its decision-making process. You will need to prepare stock certificates and issue them to your shareholders. Ensure that your corporate records properly document the issuance of each and every stock certificate.

Conclusion

Congratulations - You are now officially the owner of a Georgia S-Corp! By following these six steps, you can safely and confidently start your S-Corp with your best foot forward. As your business grows, it is essential that you stay compliant with the state and federal laws that apply to your business interests. Consider hiring an attorney and financial experts to guide you along the way, protect your interests, and provide valuable insights. Good Luck!

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