Corporate Tax in Athens, Georgia

Find the right Corporate Tax attorney in Athens, GA

Corporate Tax Lawyers in Athens

In Athens, Georgia, a "corporation" is specified as a legal entity that's separate from its owners. So, from a legal standpoint, the owner of a corporation and the corporation itself are not the same "person."

This concept is referred to as "corporate personhood" in Georgia, and it essentially means that, for many purposes under the law, corporations are treated the same as individual people, being subject to many of the same rights and responsibilities.

An discernible example of this concept is a corporation's obligation to pay income taxes similar to how an actual person would.

Corporate Tax Rate in Athens, Georgia

Every corporation in the United States is obligated to pay federal income tax. Most states also have a corporate income tax, which corporations doing business in Athens, Georgia are obligated to pay.

At the federal level, and in certain states, corporations are taxed at different rates from individuals. Federally, the top corporate tax rate is 35% - a rate applying to corporations earning more than .3 million per year. Corporations earning less than ,000 a year pay a 15% corporate tax rate, and there are a few tax brackets in between. For comparison, the federal income tax for persons maxes out at 33%.

The tax rate in Georgia for corporations probably also differs from the taxes that individuals must pay. In some states, the government has determined that their interests would be best served by making corporate taxes as low as possible. So in many states, the tax rate for corporations is much lower than the one paid by individuals, unlike the federal corporate tax.

Corporations in Athens, Georgia are obligated to pay both the state and federal corporate tax. Failing to pay either (or both) of these taxes can result in grave legal penalties, including fines that may prove ruinous, particularly for smaller businesses.

How Can a Athens, Georgia Corporate Tax Lawyer Help?

Many major corporations employ tax lawyers full time, to guarantee that they are in conformity with tax laws, and find legal means to reduce their tax liability.

Of course, smaller companies in Athens can't afford to have full-time legal and accounting departments on their payroll. Therefore, if your business is organized as a corporation, and has an issue with its taxes, it's essential that you contact an Athens, Georgia tax attorney as soon as possible.

Talk to a Tax Law Attorney now!

Life in Athens

Athens, Georgia has a population of over 115,000 people and is located in the northeastern region of the state. Athens is actually a consolidated city-county, created by combing Clarke County and the city of Athens itself (also the county seat). Athens Is known for being home to the University of Georgia and is considered by many to be a premiere example of a college town.

As a college town, the student life drives much of Athens' social, intellectual, and cultural scene. In particular, music has always been a central tenet of life in Athens. Many restaurants, bars, and local establishments cater to the music scene and help to further the creative legacy of the city. Famous musical figures from Athens have included: R.E.M., the Indigo Girls, the Primates, and the Athens Boys Choir. The city hosts AthFest, which is an art and music festival held every summer.

Other popular events and attractions in Athens, Georgia include Naturalists' Walks, Contra Dance at Memorial Park, and the Twilight Series bicycle races held each spring. Some of the nation's most outstanding bar and grills are also located in Athens. Alongside its modern establishments, an abundance of American historical artifacts can also be found in the city.

Lawyers in Athens, Georgia often assist their clients at the Athens-Clarke County Superior Court. The Superior Court is located in the city and process a wide range of legal claims. Many Athens lawyers spend time researching legal inquiries at the Athens-Clarke County Law Library.

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