Starting a business in Georgia?

Question by Stephen P: Beginning a company in Georgia?
It was recommended to me to start off my individual private contractor company when proposed with a career offer from my father in law.
He owns his very own residence enterprise putting in protection digital camera systems. He suggested I start a business and would use me as a private contractor when helping him with these installations. Primarily operating video cables and mounting cameras.
He also suggested I call the financial institution and request for the lowest priced Business account accessible and the moment he's compensated I deposit tht money into the account and pay myself from it. Also to keep a percentage in there to cover my taxes.

My brother proposed checking into LLC also.

But I feel there has to be a lot more than just opening an account to operate a organization.
I'll be operating for his business as a non-public contractor exclussively, no a single else. I will not have personnel and all that. Just me supporting him.
What steps do I need to have to take in carrying out this?
What are the benefits of utilizing me as a contractor and not an worker?


Very best answer:

Reply by D33069
Properly very first of all you will require to have a organization name, then you will have to file that identify at your county court residence. The filling clerk will tell you if anybody else has the title you have selected. As for the financial institution account it is a very good thought to open a single but you have to realize that you can not use it for nothing at all else, only the company. The other issue I would do is to get a tax amount, this will aid you get the materials you need and aid you preserve track of how significantly you will need to have to pay out in your taxes. You will need to have to also retain good information, which incorporates all your receipts. The very best way I found to do that is to get an accordion folder, label every single folder
1. Gas
2. Supplies
three. Garments/Uniforms
four. mileage
five. Meals
six. Enjoyment
seven. Hotel
At the stop of every week set all the totals on the front of an envelope and seal in all your receipts. File it absent with the day assortment on it, ex: Jan 1 thru Jan 7, 2008

There is a lot that goes with starting a company.

God Bless and very good luck

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