Legal Steps to Take before Starting a Small Business in Ohio

Starting a small business in Ohio requires certain legal steps to be taken. Here are some of the legal steps that you should take before starting your small business in Ohio:

1. Determine the Structure of your Business
   The first step in starting a small business in Ohio is to determine the legal structure of your business. You can choose to form a sole proprietorship, partnership, limited liability company (LLC), corporation, or any other legal entity. Each of these forms has its own advantages and disadvantages, so you should choose the one that best suits your business needs.
2. Choose a Name for Your Business
   Before starting your business, you need to choose a name for it. You should ensure that the name is not already taken by another business in Ohio. You can check the availability of the name by searching the Ohio Secretary of State’s business name database. You can also register your business name with the Ohio Secretary of State.
3. Obtain Business Licenses and Permits
   Depending on the nature of your business, you may need to obtain various licenses and permits from the state and local government. You should research the applicable licenses and permits for your business and obtain them before starting your business.
4. Obtain an Employer Identification Number (EIN)
   If you plan to hire employees for your business or form a partnership, you need to obtain an EIN from the Internal Revenue Service (IRS). An EIN is a unique nine-digit number that identifies your business for tax purposes.
5. Obtain Necessary Insurance
   You should obtain the necessary insurance coverage for your business, such as liability insurance, workers’ compensation insurance, and property insurance.
6. Apply for Business Taxes and Permits
   You should apply for the necessary business taxes and permits such as sales taxes and withholding taxes. You can register with the Ohio Department of Taxation to obtain these taxes and permits.

Conclusion

Before starting a small business in Ohio, you need to ensure that you have completed all of the necessary legal steps. This includes determining the structure of your business, choosing a name for your business, obtaining licenses and permits, obtaining an EIN, obtaining necessary insurance, and applying for business taxes and permits. It is important to consult with a licensed attorney for specific legal advice on your individual situation.