Getting incorporated in Georgia the right way

A corporate business affords its owners or shareholders legal protection which is unique to its name. It shields the owners’ assets against the liabilities of the company (unless the shareholder has pledged a personal guarantee), facilitates easy transferability of its ownership and shares, and makes for a lower tax rate than on individual income.

When you run a small business, your monetary investments are always at risk as you are directly responsible for debts and losses incurred by the business. However, when incorporated, you become only responsible for the amount you primarily invest which makes it become difficult for the debts and liabilities accumulated by the business to affect your personal assets.

Letting EC3 incorporate for you would be one of the best decisions you make. We will make the process of incorporating painless. Incorporating can be such a hassle sometimes, but we can make it a great experience  for you that you will not regret.

The state in which you incorporate your business can provide certain additional benefits. Similarly, the requirements or procedures in some states can be slightly different from that of others. For instance, to incorporate in Georgia can be really complicated and is often accompanied by a string of enervating processes. Georgia corporations are required to publicly publish their newly-created entities. Thus, Georgia remains one of the very few states that require businesses that intend to incorporate to publish their intent in a newspaper which stands as the official legal arm of the county in which the business’s primary registered office stands.

An LLC (limited liability Company) is a private business entity whose owners are legally responsible for its debts only to the extent of the amount of capital they invested in it. On the other hand, LLC partnerships cannot have corporations as owners. Nevertheless, they must have at least a managing partner who bears liability for the partnership’s actions. In an LLC partnership, whoever is in charge is legally liable in the same way owners of a simple partnership are.  Silent partners and investors in an LLC partnership, however, enjoy liability protection as long as they do not take on a managerial role.

EC3 will help you so that you don’t even have to do a thing while incorporating. We will help you choose what type of corporation you should become, and show you what needs to be done. Other services are included like: registered agent services, employee identification number, business license application , and much more. We will be with you every step of the way of the incorporating process.

When incorporating a company, tax rules depend on what type of business you choose to be a part of. C-Corps file IRS form 1120 to report income to the IRS. If you apply to the IRS for status as a Subchapter S-Corp, then you can elect pass-through taxation. Remember S-Corps can not have more than 100 shareholders. An LLC also gets pass-through taxation. What pass-through taxation means is you report the companies profits and losses on you individual tax return.

Conclusively, when starting a business, getting it incorporated should be one of your foremost targets as this is showing your readiness to survive the competitive world of doing business. After incorporating, you need to apply for and EIN, obtain business license and permits, draft bylaws, and keep your company in good standing.