What are the requirements for forming a Limited Liability Company (LLC) in Ohio?

To form a Limited Liability Company (LLC) in Ohio, the following requirements must be met:

1. Choose a name for the LLC: The name should be unique and distinguishable from the names of other businesses registered in Ohio. A name search can be conducted on the Ohio Secretary of State's website to check if the name is available.
2. File Articles of Organization: This is a legal document that officially creates the LLC and includes information such as the name and address of the LLC, the name and address of the registered agent, the name and address of the members, and the purpose of the business.
3. Appoint a registered agent: Each LLC must have a registered agent who can receive legal documents and correspondence on behalf of the LLC.
4. Obtain necessary licenses and permits: Depending on the nature of the business, additional licenses and permits may be required from federal, state, or local government agencies.
5. Draft an operating agreement: While not legally required, an operating agreement outlines the internal workings of the LLC, such as how profits and losses will be allocated, how voting rights are determined, and how management decisions will be made.

Potential limitations or exceptions to the advice given include specific regulations or requirements for certain industries or professions, as well as any changes to Ohio's LLC laws. It is recommended to consult with a licensed attorney to ensure compliance with any applicable laws and regulations.

Further action may include obtaining a federal tax identification number (also known as an Employer Identification Number or EIN), which is necessary for tax purposes, and registering for state and local taxes.

Please note that this information is for general informational purposes only and should not be relied upon as a substitute for legal advice from a licensed attorney.