Georgia Corporation Requirements

After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Georgia corporations.

Georgia corporate records

Georgia corporations must keep the following items with their corporate records at the principal place of business:

  • Minutes from all meetings of directors and shareholders
  • A record of actions taken by shareholder or directors without a meeting
  • A record of all actions taken by a committee of the board of directors in place of the full board of directors
  • A record of shareholders, including their names and addresses, listed alphabetically by class of stock

Georgia corporate taxes and fees

The following are taxation requirements and ongoing fees in Georgia:

  • Annual report and franchise tax. Georgia requires corporations to file an annual report, which is due April 1 and has a filing fee of $50. Georgia also has a franchise tax, which is calculated based on the corporation’s paid-in capital. The franchise tax is due on or before the 15th day of the third month following the beginning of the corporation’s taxable period.
  • Taxes. For complete details on state taxes for Georgia corporations, visit Business Owner's Toolkit or the State of Georgia.
  • Federal tax identification number (EIN). An EIN is required for corporations that will have employees. Additionally, most banks require an EIN in order to open a business bank account.
  • State tax identification number. Georgia requires a state tax identification number.

Georgia business licenses

Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.

S corporation election

Georgia recognizes the federal S corporation election and does not require a state-level S corporation election.

Additional Georgia information

View the following additional resources BizFilings has for forming and maintaining companies in Georgia: