Nonprofit organizations in Georgia are not exempt from sales or use tax, and must pay tax on all purchases of tangible personal property. When engaging in the sale of tangible goods, they must comply with the provisions of the Act relating to the collection and remission of tax. Depending on the county and city, the requirements for obtaining a business license may vary. It is important to contact your local licensing office to determine if you should apply for a business license for your Georgia nonprofit organization.
In order to apply for 501 (c) (tax-exempt) status, two documents are needed. An initial report must be submitted to the Georgia Secretary of State, and this policy ensures that decisions related to the nonprofit organization are made for its benefit and not for personal interests. Additionally, Georgia nonprofit organizations can request public and private grant donations. Setting up a nonprofit corporation in the state of Georgia can take anywhere from two weeks to three months, as long as all documentation is in order.
All Georgia nonprofit companies must file an annual Georgia registration each year with the Companies Division of the Georgia Secretary of State. Furthermore, specific text must be included in its statutes in order for the Internal Revenue Service to grant it 501 (c) (tax-exempt) status. All for-profit businesses in Georgia require a municipal or county business license and must pay an annual occupational tax. However, the requirements vary considerably for nonprofit organizations.
One of the fundamental steps in starting a nonprofit organization in Georgia is choosing a name for your corporation. All non-profit corporations in Georgia must file a charter with the Division of Corporations of the Georgia Secretary of State.
