Business Law Attorneys in McDonough, Georgia

Smith & Little, P.C.’s business law attorneys know that Georgia is an excellent place for startups and established businesses to grow. In fact, CNBC listed Georgia as one of the top ten states in the U.S. for business in 2022. For a company to be successful, however, it is important that it comply with and safeguard itself against various laws. 

By retaining a lawyer for your business, you can: 

• Make informed decisions about how you should structure your company 
• Obtain thorough reviews of your tax information so that you are paying the right amount and not losing money on taxes
• Help you better negotiate the terms of any contract in which your business might enter
• Give you direction for how to carefully handle human resource issues your company might face

Our McDonough business law attorneys offer the above services and more. 

Contact us online or call us today at (678) 272-8305 to set up a consultation and find out how you can get our skilled lawyers on your side. 

Starting Your Business in Georgia

It is no secret that starting a business is a complicated process. From determining which business structure will be most advantageous to filing taxes for the first time, the process of starting a business extends long before and after your business opens. Our McDonough business law attorneys want to help your business thrive and can offer you useful advice as you start your new venture and face the considerations below. 

Determining Your Business Structure 

A business’ structure determines the liability of the owner(s), how much the entity is taxed, the business’s ability to make money, and the documentation it needs for it to start. Some structures include a corporation, sole proprietorship, limited liability corporation (LLC), and limited partnership (LP). There are structures beyond those we have listed that similarly affect a business’s essential functions. 

Registering with the State of Georgia

To start a business in Georgia, you will need to register it, unless you are starting a sole proprietorship. There are three specific business structures that need to register with the state: LLCs, LPs, and corporations. Each structure has its own registration application that requires specific documentation. Although the registration can be complicated, a business law attorney like those at Smith & Little, P.C. can guide you through every step of the process. 

Addressing Tax Matters

Every different business structure has unique tax needs. Corporations and partnerships need EIN numbers, for instance, so that their income tax can be tracked. Some businesses need to register with the Department of Labor so they can be sure to pay unemployment insurance tax. No matter the case, understanding what taxes your business needs to pay and why is imperative for your business to succeed. 

Insuring Your Business

Business insurance is an umbrella term under which falls property insurance, liability insurance, and health and life insurance, to name a few. In certain cases, the state requires a business to have one or more types of insurance. Also, before entering a contract with some businesses, you might be required to have a specific kind of insurance. Having the right coverage for your business is crucial for your its viability. 

Applying for Permits and Licenses

Georgia requires many businesses such as salons, gas stations, and bars to have licenses or permits. Whether a business needs a license or permit to do business also depends on where the business is located. Permits and licenses often take time to get. To ensure your business starts smoothly, you must know what permits and licenses the state requires for your business and how to get them. 

While there are many difficult questions that starting a company might raise, finding answers to questions about the law can be made easier by the right attorney. At Smith & Little, P.C., our business lawyers want to help you start your business with confidence. 

If you are starting a new venture, contact us online or call (678) 272-8305 so we can work together to set your business up for success.