What legal steps do I need to take in Ohio to register my small business?
To register a small business in Ohio, you will need to follow several legal steps:
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Choose a business name: Choose a name for your business that is not already registered with the Ohio Secretary of State. Conduct a search on the Ohio Secretary of State's website to ensure that the proposed business name is available.
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Decide on a business structure: Determine the legal structure of your business, such as sole proprietorship, partnership, LLC, or corporation. Different legal structures have different benefits, and it is essential to determine which one is best for your business.
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Obtain a federal employer identification number (FEIN): Obtain an FEIN from the Internal Revenue Service if you plan to hire employees or file taxes.
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Register for taxes: Register for state and local taxes with the Ohio Department of Taxation to comply with state tax laws.
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Obtain necessary licenses and permits: Depending on the nature of your business, you may need licenses and permits at the state or local level. Check with the Ohio Business Gateway to determine which licenses and permits you need.
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Register your business with the Ohio Secretary of State: Register your business with the Ohio Secretary of State by filing Articles of Incorporation or Articles of Organization. You can file online, in person, or by mail.
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Open a business bank account: Open a separate bank account for your business to keep your personal and business finances separate.
It is essential to note that the steps listed above are general information and may vary depending on the specific circumstances of your business. It is recommended that you consult with an attorney or other legal professionals to ensure that you comply with all legal requirements specific to your business.