Each partner pays individual taxes for their share of profits and deductions, rather than corporate income tax. The actions of one partner leading to debts or liabilities are also incurred by the other partner(s). While no formal documentation is required to start a general partnership, it is advised that a partnership agreement is drawn up to specify the roles of each partner.īoth partners are personally liable for the business. This entity does not need to register with the state, and co-owners are liable for all debt incurred by the business. General Partnership.Ī general partnership exists when two or more partners intend to start a business for profit.
S corporations are not double taxed only shareholders are taxed according to their share percentage. Shareholders, board members, and officers have no personal liability for debts.Ĭorporations are subject to double taxation - the business pays income tax and shareholders pay tax on dividends from the corporation.
The shareholders elect a board to make major decisions for the company, and the board hires officers to run the everyday operations of the business. Website: Current GA license for each specific ProfessionĪpproved by the City of Valdosta Chief of Policeīusiness' located in Valdosta that are moving to another location within the city limits, should complete a change of address application prior to moving.A corporation is a legal entity that is separate from its owners (shareholders). Taxicabs permit from Valdosta Police Dept.Ĭhauffeurs Permit from Valdosta Police Dept. State Daycare License-Bright from the Start Immigration Mandates for Municipalities O.C.G.A. Private Employer Affidavit Pursuant to O.C.G.A.
How to obtain a small business license in georgia code#
Contact the Business License Office at 22 or send an email to for any additional information or if you have closed your business, moving to another location or if this was a one-time construction job and the job is completed.Īdditional required licenses or documents per state or local code Business Type & Forms
273973% based on the number of calendar days the certificate is delinquent. All payments received after January 31st will be assessed 10% penalty on the certificate cost and an additional interest penalty of. Applications submitted without all proper documentation will be returned to the business for completion. A completed renewal package includes a completed renewal form, a copy of the business' last completed Federal Tax Return or a letter from the companies CPA stating gross income, an E-verify form or SAVE form if applicable. Expiration and RenewalĪll City business license expire on December 31 of each year and must be renewed by January 31 of the following year. If the business has a current business license from another county or municipality in Georgia, the City would issue a complimentary license with the completion of our application, copy of the business license certificate and state license if required by the state of Georgia. Processing time is approximately 3 business days the administration fee is due at the time the application is submitted, and the certificate fee will be calculated and collected prior to the certificate being issued. If that is Valdosta, you will need to complete the application and submit copy of the Georgia state license, if required. The City of Valdosta will issue a complimentary license upon completion of the application.īusinesses that are located outside the state of Georgia, with no physical location in Georgia, should first obtain a business license in the Georgia jurisdiction in which they conduct the most business. This tax certificate is based on the business function and is calculated either on the business gross receipts or a flat fee.īusinesses that have no physical location in the City of Valdosta, but are located inside the state of Georgia, will need to first obtain a license from the county or municipality where that business office is located. Who needs a business license?Įach person, firm, partnership or corporation engaged in any business, trade, profession or occupation in the City of Valdosta is required to have an annual license occupational tax certificate. The certificate/business licenses are non-transferable, site and owner specific and must be posted in a conspicuous place at your business establishment. Any additional licensing or documentation must also be completed before your business license certificate will be issued. Once the application has been approved, a certificate fee is calculated based on anticipated gross sales ( click here for tax schedule) until December 31 of the current calendar year. The completed business license application and a non-refundable administration fee should be submitted at least two weeks before opening any business in the city limits.