Failure to file may result in late fees, administrative dissolution by the state, along with potential reinstatement fees.
About Initial Registration
- An initial registration must be filed within 90 days of incorporation for all new domestic corporations in Georgia.
- This filing updates or confirms your business information with the Georgia Department of State, ensuring your records are current and accurate.
- It is required for all domestic corporations and is not the same as your formation, Articles of Incorporation, or EIN.
- Failure to file the initial registration may cause your business to fall behind on required annual registrations, resulting in late fees and potential dissolution.
- Initial registration is required only once after business formation. Each year thereafter, businesses are required to file an annual report between January 1 and April 1 to remain in compliance.
About EIN
- An EIN (Employer Identification Number) is a nine-digit number issued by the IRS used to identify businesses and certain other entities. It is also called a Federal Tax ID.
- It is commonly used for taxing and banking purposes and to register your business with the federal government.
- You will need an EIN Tax ID in order to hire employees, open a business bank account, file taxes, and apply for business loans and/or lines of credit.
- All businesses are required to have an EIN Tax ID.
About Certificate of Existence
- It certifies that your Georgia business is in existence, is authorized to transact business in the state, and complies with all state requirements.
- It may be required for loans, to renew business licenses, to open your business bank account, or for tax or other business purposes.
- It shows the official evidence of an entity’s existence and provides a statement of an entity’s status, legal name, and legal formation.
- It bears the official seal of the Georgia Secretary of State.
About Labor Law Poster
- Federal Law 29 USC Sec. 666 (I) & 29 Sec. 2005 states that an up-to-date compliant Labor Law Poster must be posted in a visible location on the property of business which has at least 1 employee.
- Penalties and risks of non-compliance with posting regulations can lead to potential fines in excess of $7,000 per instance for failure to post federally required information, and could possibly even lead to lawsuits.
