What legal steps do I need to take in order to register my small business in Ohio?
To register a small business in Ohio, you should follow the steps outlined below:
- Choose a business name: The name of your business should be unique and distinguishable from other businesses in Ohio. You can check whether your chosen name is available by using the Ohio Secretary of State’s Business Search.
- Choose a legal structure: You will need to decide what type of business entity your business will be. The options in Ohio are sole proprietorship, partnership, limited liability company (LLC), corporation or nonprofit corporation. The choice of legal structure can have a significant impact on taxes, liability and operations of the business.
- Register with the Ohio Secretary of State: If you choose a structure other than a sole proprietorship, you will need to register your business with the Ohio Secretary of State. You can file the necessary forms online or by mail.
- Obtain an Employer Identification Number (EIN): An EIN is issued by the Internal Revenue Service and is used for tax purposes. It is required for corporations, partnerships and LLCs. You can apply for an EIN online or by mail.
- Obtain any necessary licenses or permits: Depending on the type of business you are operating, you may need to obtain additional licenses or permits from state or local agencies. You can find out what requirements apply to your business by contacting the appropriate agencies.
It is important to note that there may be additional requirements depending on the specific business activities you engage in. It is always advisable to seek the advice of an attorney or certified public accountant before starting a business to ensure compliance with all legal requirements.
Finally, it may also be a good idea to consult with an attorney to ensure that your business is fully protected and to address any potential legal issues that may arise.