Georgia's Initial Net Worth Return: Essential Guidance for Newly Formed Corporations
Understanding Georgia’s Initial Net Worth Return As a newly formed corporation in Georgia, you’ll need to file an initial net worth return – a blueprint for your company’s financial foundation. Here’s a breakdown to help you out: What is the Net Worth Return? It’s a form that calculates the difference between your company’s assets and liabilities, representing its net worth. Georgia charges a modest 0.05% tax on this amount, except for non-profits and banks....