How to Form a Limited Liability Company (LLC) in Ohio
If you're interested in forming an LLC in Ohio, it's important to follow the steps outlined below:
- Choose a name for your LLC: Make sure that the name you select is unique and isn't already in use by another registered LLC in Ohio. You can search for available names on the Ohio Secretary of State's website.
- File Articles of Organization: You'll need to file Articles of Organization with the Ohio Secretary of State, which includes basic information about your LLC like its name, address, and registered agent. The filing fee is $99.
- Obtain an EIN: To identify your LLC for tax purposes, you must obtain a unique nine-digit number from the IRS known as an EIN. You can get an EIN for free on the IRS website.
- Draft an Operating Agreement: Although not legally required in Ohio, you should consider drafting an Operating Agreement to outline your LLC's management and ownership structure.
- Obtain business licenses and permits: Depending on your business's nature, you may need to obtain additional licenses or permits from the state of Ohio or local authorities.
- File Annual Reports: LLCs in Ohio must file Annual Reports with the Ohio Secretary of State to stay in good standing. The filing fee for Annual Reports is $50.
Please note that there may be additional requirements depending on your LLC's specific circumstances. It's always a good idea to consult with a licensed attorney to confirm that you've met all legal requirements.
In summary, the steps to form an LLC in Ohio are:
- Choose a unique name
- File Articles of Organization
- Obtain an EIN
- Draft an Operating Agreement
- Obtain necessary business licenses and permits
- File Annual Reports
If you follow these steps and consult with an attorney, you'll be well on your way to legally forming an LLC in Ohio.
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