To start a small business in Ohio, the following legal steps need to be taken:
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Choose a business structure: The first step is to decide on the legal structure of your business, which can be a sole proprietorship, partnership, limited liability company (LLC), or corporation. Each type of structure has its own legal requirements and tax implications, so it's essential to consult with an attorney or accountant before making a decision.
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Register your business: Once you have selected a legal structure, you need to register your business with the Ohio Secretary of State's Office. This can be done online or by mail, and requires payment of a fee.
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Obtain necessary licenses and permits: Depending on the nature of your business, you may need to obtain various licenses and permits from state and local authorities. Some examples include a sales tax permit, contractor's license, or zoning permit. It's crucial to research these requirements and ensure that you comply with them.
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Obtain insurance: To protect your business, it's advisable to obtain general liability insurance, as well as any industry-specific coverage that may be necessary.
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Hire employees: If your business will have employees, you need to comply with state and federal labor laws, such as minimum wage and overtime requirements, workplace safety regulations, and anti-discrimination laws.
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Comply with tax requirements: Your business will be subject to various tax obligations, such as income tax, sales tax, and payroll taxes. It's essential to comply with these requirements, as failure to do so can result in penalties and legal liability.
While these are the basic legal steps to start a small business in Ohio, there may be additional requirements specific to your industry or location. It's essential to consult with an experienced attorney to ensure that you comply with all relevant laws and regulations.
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