What legal steps do I need to take to register my Ohio-based business?
Registering an Ohio-Based Business
There are several legal steps that you should take when registering an Ohio-based business:
- Choose a business name: Before you can register your business, you need to choose a name that is not already in use in Ohio. You can search the Ohio Secretary of State business name database to check the availability of your chosen name.
- Choose a business structure: You need to choose a business structure such as sole proprietorship, partnership, limited liability company (LLC), or corporation. You should choose a structure that is most suitable for your business needs and goals.
- Register your business with the Ohio Secretary of State: After choosing a business name and structure, you need to file Articles of Organization with the Ohio Secretary of State if you are forming an LLC or Articles of Incorporation if you are forming a corporation. You can file these forms online or by mail.
- Obtain any required permits and licenses: Depending on the nature of your business, you may need to obtain permits and licenses to operate in Ohio. You can check the Ohio Business Gateway website to see if you need any specific permits or licenses.
- Obtain an Employer Identification Number (EIN): If you plan to hire employees or establish a business bank account, you need to obtain an EIN from the IRS. You can apply for an EIN online for free.
- Register for Ohio state taxes: You may need to register for state taxes such as sales tax, use tax, or employer withholding tax.
Limitations and exceptions: The legal steps required to register a business in Ohio may vary based on the type of business, location, and other factors. Additionally, it is important to consult with a licensed attorney for legal advice specific to your business needs.
Further action: After registering your business, you may need to file annual reports and maintain proper records. Keeping accurate and up-to-date records is vital for tax purposes and can also help protect your business in case of legal disputes.
Legal document: If you need to draft legal documents for your business, it is advisable to consult a licensed attorney. Examples of legal documents you may need include operating agreements, employment contracts, lease agreements, and non-disclosure agreements.