Starting a business in Georgia is quite challenging; you need to process numerous legal documents and complete different procedures so you can operate your Georgia small business. Overall, building a startup requires time, effort, resources and a lot of patience.
In this article, we’re going to discuss one of the most important steps of the startup process – incorporation. Incorporating your business will give you many benefits and advantages; legally registering before the state of Georgia will protect you and your business in the long run.
If you’re still not convinced why you need to incorporate, this article is going to discuss 5 important reasons for you. After that, you’ll be introduced to the top 3 resources for incorporating a business in Georgia.
Quick Note: If you decide to incorporate in Georgia and want professionals to handle all legal paperwork, look into IncFile (for $49) or LegalZoom (for $149). Both are excellent services and have started over 50,000 businesses like yours.
Imagine living in a house with 3 or 4 other people with different backgrounds, interests and personalities, wouldn’t it be pure chaos?
This is the same with a company owned by several owners, you’re all sharing and running one business. Misunderstandings and conflicts are inevitable in this kind of situation and at some point, it will all become so complicated that you may need to deal with it head-on.
To be able to avoid this, you need to incorporate your Georgia small business so that you’ll be able to issue stocks equally. By doing so, you can prevent issues and work together as harmoniously as possible for the success of your business.
If you incorporate your Georgia startup, you’ll be able to ensure the lifetime continuation of your business. When a business outlives the owners and it’s unincorporated, there’s a very big chance that it can be closed down.
However, if it’s incorporated, it can still continue its operations even when there are changes in the management or ownership of shares. Incorporated businesses are also difficult to dissolve, this will give new owners and shareholders time to seek remedies in order to save the business.
One of the major risks when running a business are liabilities, regardless if it’s on the part of the business or the business owner. If you want to protect you and your business, incorporating is the best way to do this.
On your part, you will be protected against personal, legal and financial liabilities while your business will be given its own rights and privileges and will be treated fairly if in case it encounters legal or financial problems in the future.
Once you incorporate your business, you will be considered separate entities and the state will recognize your business as an independent entity so you will not be held liable or accountable for any wrongdoing or mistakes your business commits.
In the same way that both business and business owners are protected, investors credit providers and financial institutions who invest or loan money to a business entity will also be protected by the state law in Georgia.
Because of this, an incorporated business will be able to look for financing more easily compared to an unincorporated business. One of the most attractive features of an incorporated business is the ability to issue different stocks.
Credibility is highly important when running a business and it can only be achieved with honest and quality service; without the will to sincerely serve customers, you can never build an excellent reputation. One easy way to give your business that added credibility is to incorporate it.
Consumers are very keen when it comes to their rights; they want to be protected and respected. This should be your main priority as you start your Georgia small business. While having an LLC or Co. after your business name will give you that boost which you’re looking for, you have to live up to the legal permission that the state has given you.
Make your customers feel valued and serve them as best you can – it’s the only way to gain their trust and create a strong network of loyal customers.
Starting a business in Georgia is not easy, especially if you’re a first time business owner or a new entrepreneur.
However, you can still do the process yourself; you can study, ask for assistance from concerned government agencies, research how incorporation is done, but the risk of committing mistakes is still quite high.
Working on your business’s incorporation yourself is an excellent idea, but you should always put accuracy first before anything else.
Perhaps, you can do it next time when you’re well aware of the documents and steps involved. If you want to spare yourself from the hassle of incorporating your business, there are numerous online incorporation services that can help you.
It doesn’t matter if you’re forming a Georgia LLC or Corporation, online incorporation providers can help you out. You may have heard of LegalZoom, but there are many more options available:
IncFile offers affordability and quality both at the same time. It’s a one-of-a-kind online incorporation service that has the best tools and services in the entire industry.
Some of its best features include a free registered agent service for one full year, one-on-one business consultations, one-business day preparation and order tracking in real time. You can read the review for more info!
CorpNet is a highly recommended online incorporation service founded by a husband-wife team from Southern California. The provider is also one of the most popular among entrepreneurs because of its modern and quality features and services.
CorpNet has the following features to help you get started: Business Structure Wizard, free business consultations, free trademark search, free business name search and 24-hour document preparation. You can read the review for more info!
BizFilings is another excellent choice when choosing an online incorporation service. It has an A+ BBB rating and an outstanding track record of successful business incorporations.
Although its pricing is quite hefty, CorpNet has a massive following of clients because of its great features. Some of the include: BizComply, one-day business preparation and filing, business name verification, registered agent service and a lot more. You can read the review for more info!
Online incorporation services have similar features, but they also have their own unique services not offered by other providers. For instance, IncFile has a free registered agent service for full year, CorpNet and BizFilings also have this service but you need to pay a hefty amount to take advantage of this service.
CorpNet on the other hand has a free trademark tool that IncFile doesn’t have. These are just a few examples of their differences.
Incorporating your Georgia small business is the best decision that you could ever make. Legally, it can give numerous benefits and advantages; it will even give your business the right to due process and ensure its lifelong operations.
Incorporating in Georgia should not be something that you have think about or even look into, it should be something that you’re committed to doing even before the start of your small business. You have to be fully convinced on the essence of this legal process.
Whether you want to handle the process yourself or use the assistance of online incorporation service, it doesn’t matter, as long as you incorporate your Georgia startup before the state of Georgia, you’re starting off on the right path!