To start up a small business in Ohio, there are several legal steps that need to be taken.
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Choose a business structure: The first step is to determine the legal structure of your business. You can choose from sole proprietorship, partnership, corporation, or limited liability company. Each structure has its own legal requirements and tax implications.
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Register your business: Once you have chosen your business structure, you need to register your business with the Ohio Secretary of State. You will need to file Articles of Incorporation, Articles of Organization, or a Certificate of Fictitious Name depending on your business entity. You will also need to obtain a federal Tax Identification Number (TIN) from the IRS.
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Obtain licenses and permits: Depending on the type of business, you may need to obtain specific licenses and permits. This includes registering for any applicable state taxes, such as sales tax or employer withholding tax. You may also require permits from local authorities, such as a zoning permit or a health permit.
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Open a business bank account: Separate your business finances from personal finances by opening a business bank account. This will also make accounting and tax filing easier.
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Consider insurance: Depending on the type of business, you may need to purchase business insurance. This can range from general liability insurance to workers’ compensation insurance.
It is important to note that each business is unique and may require additional steps or legal considerations. It is recommended that you consult with a licensed attorney or a trusted advisor to ensure you have met all legal requirements for starting up your small business in Ohio.
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