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Georgia
Corporate Name Endings>
Corporation Requirements
Taxes and Fees
Corporate Name Endings
- The name shall include the word "Corporation," "Company," "Incorporated," "Limited,"
or an abbreviation thereof. The name shall not exceed 80 characters,
including spaces and punctuation. The name may not contain language
stating or implying the corporation is organized for a purpose other
than that permitted by Georgia law or the articles of incorporation.
The name may not contain anything that, in the reasonable judgment of
the Secretary of State, is obscene. The name must be distinguishable
from the other corporation names in the state.
Corporation Requirements
- Director Information
- Minimum Number - One or more.
- Residence Requirements - No provision.
- Age Requirements - Directors must be a natural person at least 18 years of age.
- Directors are not required to be listed in the articles of incorporation.
- Officer Information
- Officers are not required to be listed in the articles of incorporation.
- Stock Information
- An increase in shares or par value does not affect initial filing fees.
- Corporate Records
- Corporate records must be kept; however, they are not required to be stored at a specific
location.
Taxes and Fees
- Annual Statements
- All businesses must file an Annual Registration Form. The cost is $30. The form
is due within 90 days of incorporating and annually by April 1st.
- Income Tax Rate
- The income tax rate is 6% of net taxable income.
- Net Worth Tax
- Net worth, including issued capital stock, paid in surplus, is taxed by the
state as listed below and earned surplus. The net worth is presumed
to be the net worth as disclosed on the corporation's books and
as reflected on the return required to be filed annually by the
corporation. No par value shares have the value fixed for stock
by the Commissioner from the required return and any other information
available to Commissioner.
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| Net worth over |
But Not over |
Tax |
| $0 |
$10,000 |
$10 |
| 10,000 |
25.000 |
20 |
| 25,000 |
40,000 |
40 |
| 40,000 |
60,000 |
60 |
| 60,000 |
80,000 |
75 |
| 80,000 |
100,000 |
100 |
| 100,000 |
150,000 |
125 |
| 150,000 |
200,000 |
150 |
| 500,000 |
300,000 |
200 |
| 300,000 |
500,000 |
250 |
| 500,000 |
750,000 |
300 |
| 750,000 |
1,000,000 |
500 |
| 1,000,000 |
2,000,000 |
750 |
| 2,000,000 |
4,000,000 |
1,000 |
| 4,000,000 |
6,000,000 |
1,250 |
| 6,000,000 |
8,000,000 |
1,5000 |
| 8,000,000 |
10,000,000 |
1,750 |
| 10,000,000 |
12,000,000 |
2,000 |
| 12,000,000 |
14,000,000 |
2,500 |
| 14,000,000 |
16,000,000 |
3,000 |
| 16,000,000 |
18,000,000 |
3,500 |
| 18,000,000 |
20,000,000 |
4,000 |
| 20,000,000 |
22,000,000 |
4,500 |
| 22,000,000 |
over |
5,000 |
- S Corporation
- S Corporation status is recognized by the State of Georgia as long as all shareholders
are subject to income tax in the state. Non-resident shareholders
must execute a consent agreement to pay Georgia income tax on their
portion of the income in order for the S corporation to be recognized
for Georgia purposes. A separate state election from the federal
election is not required.
- Licenses
- Georgia requires most businesses to obtain a license and pay a fee if operating in
the state. Please check with the state to make sure your business
is complying with the license requirements for your particular profession.
For more information on taxes, visit
http://www2.state.ga.us/departments/dor/.
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