Georgia Assignment of Business License as Security for a Loan

State:
Multi-State
Control #:
US-01467BG
Format:
Word; 
Rich Text
Instant download

Description

A license authorizes the holder to do something that he or she would not be entitled to do without the license. Licensing may be directed toward revenue raising purposes, or toward regulation of the licensed activity, or both. Statutes frequently require that a person obtain a license before practicing certain professions such as law or medicine, or before carrying on a particular business such as that of a real estate broker or stock broker. If the license is required to protect the public from unqualified persons, an assignment of that license to secure a loan would probably not be enforceable.

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FAQ

Georgia LLC Cost. The primary cost to start an LLC in Georgia is the state registration fee of $100 ($110 for in person or mailed filings). This won't be your only expense. That's why it is important to know what you're getting yourself into when starting your LLC in Georgia.

Who is required to obtain a Georgia sales and use tax number? Any individual or entity meeting the definition of a ?dealer? in O.C.G.A. § 48-8-2 is required to register for a sales and use tax number regardless of whether all sales will be online, out of state, wholesale, or exempt from tax.

Any entity that conducts business within Georgia may be required to register for one or more tax specific identification numbers, permits, and/or licenses.

You do not have to register your business with the state of Georgia unless you are planning to incorporate, become a specific legal entity or if you plan to do business with the state. In which case, you will need to become a registered vendor through the Department of Administrative Services (DOAS).

All Georgia businesses need a business license issued by the city or county where their main office is. Contact your locality for specific forms, fees and requirements.

Etsy does not require a business license, or seller's permit, to have a shop. But if you are trying to run a legitimate business, you need to follow your state's laws, and maybe even your city or county, too for licensing and tax filing.

Start a business in Georgia in 7 steps Come up with a business idea. Choose a business type. Name your Georgia business. Write a business plan. Register your business in Georgia. Secure business funding. Create a business website.

It costs $225 to submit your application online and $235 to file by mail. Georgia's expedited state processing fee is $100 for two-day processing or $250 for same-day processing.

Once you have paid the appropriate application fees, you should generally receive your business license within 30 days. The timeline will depend on the city or county where you apply.

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Georgia Assignment of Business License as Security for a Loan