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What legal steps should I take before starting a small business in Ohio?

Picture of Chris Battis By   ·  1 minute read

If you are planning to start a small business in Ohio, there are several legal steps that you should take before getting started. These steps will help ensure that you are complying with all relevant regulations and laws and that your business is set up for success.

  1. Choose a Business Structure: The first step to starting a small business in Ohio is to choose the legal structure for your business. The most common structures are sole proprietorships, partnerships, limited liability companies (LLCs), and corporations. Each structure has its advantages and disadvantages, so it is important to choose the structure that best fits your particular business.
  2. Register Your Business: Once you have chosen your business structure, you need to register your business with the Ohio Secretary of State. This will involve choosing a business name, obtaining any necessary permits and licenses, and registering to pay taxes.
  3. Obtain Insurance: It is important to obtain insurance coverage for your small business. This can include insurance for liability, property, and workers’ compensation. This will help protect your business and its assets in the event of an accident or lawsuit.
  4. Set Up Accounting and Recordkeeping: You will need to set up accounting and recordkeeping systems to keep track of your business finances. This will include keeping track of income, expenses, and taxes.
  5. Obtain Financing: You may need financing to start your small business in Ohio. This can include loans, grants, or other types of funding. It is important to research your options and obtain financing that is appropriate for your business needs.
  6. Develop Contracts: If you plan to enter into contracts with suppliers, vendors or customers, you need to have a legal document outlining the specifics of the contract in order to avoid any misunderstandings or legal issues.
  7. Comply with Employment Laws: If you plan to hire employees, you need to comply with all relevant employment laws in Ohio. This includes requirements for minimum wage, overtime, discrimination, and harassment.

By taking these steps before starting your small business in Ohio, you can help ensure its success and compliance with legal requirements. It is important to consult with an attorney for specific legal advice regarding your particular business needs.