Economic Development

Many people think economic development is limited to big business - whether it is a big business moving in, relocating, expanding, etc.; however, this is not the only form of economic development. 

Economic development also includes the opening of smaller businesses like Edward Jones Investments, ALFA Insurance, AgGeorgia Farm Credit, and others.  These are just a few of the businesses that have opened recently in Murray County.  There are many more.

Economic development also encompasses expansion and retention of existing businesses.  The Chamber always welcomes anyone who wishes to help in the recruitment of new business to our area and the retention of existing business.  Contact us to see how you can help economic development in Murray County.    

HOW TO CORRECTLY START A BUSINESS IN MURRAY COUNTY

BEFORE OPENING FOR BUSINESS, CHECK FIRST WITH Need Professional License?
Georgia Exam Board 912-207-1416
OK Process/Sell Food? County Health Department 706-695-4585
Building Fire Safe? County Fire Chief 706-695-2088
***Get FREE fire safety inspection of building***
If 3+ Employees, Need Worker's Compensation Insurance State of GA WC Board 800-533-0682
Know OSHA (Occupational Safety & Health Act) Requirements OSHA Info Line 202-523-9667  

YOU CAN BE FINED IF YOU OPERATE WITHOUT A LICENSE
Unincorporated Murray County Business License-NONE REQUIRED
City of Chatsworth Business License 706-695-2834
City of Eton Business License 706-695-2652
Register DBA Name Clerk of Court 706-695-2932  

IRS WANTS TO KNOW ABOUT YOUR EXISTENCE AS A BUSINESS Employer Identification Number (EIN)
Get Form SS-4 from IRS 800-829-3676 or www.irs.gov
Fill out Form SS-4 and call info to 866-816-2065
Social Security/Medicare Taxes (FICA) Employer pays 50% of tax, tax is 15.3% of gross wages
Withheld Income Taxes + FICA Taxes $ deposited with 941 coupon in bank by 15th following month
Unemployment Taxes (FUTA) 0.8% first $7,000 in wages per employee/paid quarterly/940 coupon
Independent Contractor Must have business license, file 1099, and withhold 20% gross for IRS taxes  

STATE OF GA WANTS TO KNOW ABOUT YOUR BUSINESS Employer Tax ID Number GA Department of Revenue File Form CER2 770-732-5812
Withhold Income Taxes $ mailed with G6 coupon on 15th of month to GA Department of Revenue
Sales Tax Collection Number GA Department of Revenue 404-651-8651 File report by 20th of month
New Hire Reporting Child Support Enforcement 888-541-0469 Report new hire within 10 days
GA Unemployment Tax Account # GA Department Labor 404-656-3069 Employee paid $1,500+
GA Unemployment Taxes 2.7% of first $8,500 per employee Paid quarterly Form DOL4  

MISCELLANEOUS TAX NOTES County Ad Velorum Fixed Asset Taxes List in 1st quarter and pay August/Tax Assessor 706-695-2521 Sole Owner/Partnership/Sub S Corp Pay taxes on estimated quarterly profits + 15.3% self employ tax  

HOW TO BECOME A GEORGIA CORPORATION Reserve Name of Corporation & Corp Logo Secretary of State www.gacorporations.org or 404-656-2817
Submit Articles of Corp + proof $500 assets + publish "intent notice" in Chatsworth Times 706-695-4646 File yearly "corporate minutes" to Secretary of State + pay yearly "net worth tax" when file GA taxes  

WHERE TO GET ADDITIONAL HELP IN GROWING YOUR BUSINESS Dalton State College, Small Business Development Center 706-272-2707 State of GA Website www.sos.state.ga.us/firststop/ Rural GA Small Business CoOp Fax 770-436-9990 or E-mail rgsbc@usa.com   Corrections, Additions, Questions?  Contact rgsbc@usa.com or Fax 770-436-9990