How to Form an LLC in Ohio
To form a limited liability company (LLC) in Ohio, the following steps must be taken:
- Choose a name for your LLC that complies with Ohio law. The name must include the words “Limited Liability Company” or “LLC” and must not be the same or confusingly similar to an existing company name.
- Appoint a registered agent. Your LLC must have a registered agent who resides in Ohio and can receive legal notices and other important documents on behalf of the company.
- File Articles of Organization with the Ohio Secretary of State. This document provides basic information about the LLC, such as its name, registered agent, and business purpose.
- Obtain any necessary licenses and permits. Depending on the nature of your business, you may need to obtain certain licenses or permits at the state, county, or local level.
- Draft an operating agreement. While not required by Ohio law, it is highly recommended that LLCs have an operating agreement that outlines the company’s management structure, ownership interests, and other important details.
- Obtain an Employer Identification Number (EIN) from the IRS. This number is used to identify your LLC for tax purposes and is necessary if the company has more than one member or employees.
- Comply with ongoing requirements. After forming the LLC, you must file annual reports and pay certain fees as required by Ohio law in order to maintain the company’s good standing.
It is important to note that there may be exceptions or unique circumstances that require additional steps or considerations. Additionally, while these steps provide a general roadmap for forming an LLC in Ohio, it is highly recommended that individuals consult with a licensed attorney to ensure compliance with all relevant laws and regulations.
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