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TechnoratiThough many file their initial Georgia Articles of Incorporation correctly, frequently as Paul Harvey would say "the rest of the story" is overlooked and missed. Being sure that you understand the big picture will help ensure your new business gets off on the right foot and does not fail in maintaining its responsibilities as a Georgia corporation.
Bylaws Election
After the Secretary of State has accepted your initial Articles of Incorporation, you will then need to look to document the business purpose of the company. Your Georgia Bylaws will be govern/determine how the official business affairs of the business are conducted. Though these are not required to be filed with anyone, they are an essential part of the incorporation process.
Publication Notice
Georgia law has long held that new business owners are required to file in the official county newspaper a public notice of intent to incorporate. Listings of the official newspaper in your county are available on-line on the Georgia Secretary of State's web-site.
Paying Your Annual Registration Fee
The Georgia Secretary of State's office requires that all Georgia corporations file an annual registration and pay an annual fee to keep their corporation legally registered with the state. The report will include the names and addresses of all officers of the company and its registered agent.
Naming a Registered Agent
As a Georgia business owner you will be required to initially elect and to maintain an official registered agent for the business. Typically small business owners elect to nominate either themselves or their attorney as a registered agent. However, in fact law allows, for a registered agent to be any individual or business that resides/does business in Georgia.
Opening a Corporate Bank Account
Now that your new Georgia business is incorporated, you will need to open a corporate bank account using the corporate name and Federal ID #. As the corporation did not exist prior to its incorporation date, you will need to set up an new corporate bank account and to supply to the back the new IRS EIN.
To learn more about tax entities and the taxation thereof visit http://www.hiscpa.com/article2.htm l There you will also discover a wide host of resources for America's Entrepreneurs.
John Dillard is an Christian Speaker/Author and Certified Public Accountant. To See how he takes Christ along with him to work visit http://www.hiscpa.com and for his latest book Overcoming Life's 9/11's: Job's Journey visit http://www.john-dillard.com Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!
