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What is the process for setting up a limited liability company (LLC) in Ohio and what are the requirements?

Picture of Chris Battis By   ·  2 minute read

Thank you for your request. As requested, I will provide legal advice on the process for setting up a limited liability company (LLC) in Ohio, as well as the requirements to do so.

Steps for Setting Up an LLC in Ohio

  1. Choose a name for your LLC: The name of your LLC must not be identical or too similar to an existing business in Ohio. You can perform a name availability search on the Ohio Secretary of State's website to check if your desired name is available.
  2. Select a registered agent: Your LLC must have a registered agent, who is responsible for receiving legal documents and other important notices on behalf of the LLC. Your registered agent must have a physical address in Ohio.
  3. File Articles of Organization: You will need to file the Articles of Organization with the Ohio Secretary of State's office. This document includes basic information about your LLC, such as the name of the LLC, the purpose of the LLC, and the name and address of the registered agent.
  4. Obtain an Ohio Business ID: You will need to obtain an Ohio Business ID number from the Ohio Department of Taxation. This is necessary for tax purposes.
  5. Obtain any necessary licenses and permits: Depending on the nature of your business, you may need to obtain various licenses and permits, such as a sales tax permit or a professional license.

Requirements for Setting Up an LLC in Ohio

  1. At least one member is required: An LLC can have one or more members (owners).
  2. Operating agreement: Although not required, it is advisable to have an operating agreement in place. This document outlines the rights and responsibilities of each member and provides guidance on how the LLC should be run.
  3. Annual report: Every LLC in Ohio is required to file an annual report with the Ohio Secretary of State. The report includes basic information about the LLC, such as the name and address of the registered agent.
  4. Fees: There are various fees associated with setting up and maintaining an LLC in Ohio. The filing fee for Articles of Organization is $99.00, and the annual report fee is $0.00.

In summary, the process of setting up an LLC in Ohio involves selecting a name, choosing a registered agent, filing Articles of Organization, obtaining an Ohio Business ID, and obtaining any necessary licenses and permits. At a minimum, at least one member is required, and an operating agreement is advised. Every LLC in Ohio is required to file an annual report, and fees are associated with setting up and maintaining an LLC in Ohio.

Please note that this advice is general in nature and does not constitute legal advice. If you have any specific questions or concerns, it is recommended that you seek the advice of a licensed attorney.