Get Georgia Business Occupation Tax 2018-2024

But good news: Georgia doesn't require a general license to do business in the state. Meaning, your Georgia LLC doesn't need a general state business license. But depending on what type of business you run, your LLC might need an occupational license.

Georgia LLC Formation Filing Fee: $100 To form an LLC in Georgia, you'll need to file Articles of Organization with the Georgia Corporations Division and pay the $100 filing fee ($110 if filing by mail or in person). Your articles are what create your Georgia LLC, you can't have one without forking over the filing fee.

Potential suspension of your business until you become compliant. Potential closure of your business if you don't comply with the licensing requirements. Your physical office might be padlocked by the government office that you didn't obtain a license through. Possibility of lawsuits.

Upon registration and payment by the business of the required occupation tax and appropriate fee, the License and Inspection Department shall issue a Business Tax Certificate to said business.

By default, LLCs in Georgia are taxed as “pass-through entities,” meaning the business itself does not pay taxes. Instead, the profits and losses of the LLC are passed on to the members/owners, who pay individual income tax on their earnings. An LLC can also opt to be taxed as a corporation.

The corporate Georgia LLC tax rate is six percent of Georgia taxable income. It is payable by the LLC if C corporation status is elected, and by the members if S corporation status is elected. The net worth tax is also assessed, if the net worth of the LLC is more than $100,000.

A: Yes, all for-profit and non-profit businesses are required to obtain an occupational tax certificate (formerly known as business license).

An occupational tax certificate, commonly referred to as a business license, is a certificate issued by government agencies. The certificate is evidence that an individual or company has paid an occupational tax as required by the local ordinance.