To form a limited liability company (LLC) in Ohio, there are several requirements that must be met:
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Choose a name for the LLC: The name should include the words "Limited Liability Company" or the abbreviation "LLC" and must be unique and distinguishable from other business entities registered in Ohio.
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File Articles of Organization: Articles of Organization must be filed with the Ohio Secretary of State to establish the LLC. The Articles must include the name of the LLC, the address of the LLC's principal office, the name and address of each organizer, and the LLC's purpose.
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Appoint a Registered Agent: The LLC must appoint a registered agent who is authorized to accept legal documents on behalf of the company.
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Obtain necessary licenses and permits: Depending on the type of business, the LLC may need to obtain licenses or permits from state and local authorities.
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Create an Operating Agreement: While Ohio law does not require LLCs to have an operating agreement, it is advisable to have one to outline the company's management structure, ownership interests, voting rights, and other important operational details.
Note that LLCs in Ohio must also file an annual report with the Ohio Secretary of State to maintain their status as a legal entity. If the LLC fails to comply with any of these requirements, it may lose its limited liability protection.
It is recommended to consult with a licensed attorney to ensure compliance with all legal requirements, particularly with regard to business licenses and permits that may be required in specific industries. The attorney may also provide guidance on structuring the operating agreement to fit the particular needs and goals of the LLC.
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