What steps are required to form a limited liability company (LLC) in Ohio?

To form a limited liability company (LLC) in Ohio, the following steps are required:

1. Choose a name for the LLC: The name must include the phrase "Limited Liability Company," "LLC," or "L.L.C." in the name. The name must be distinguishable from other business names registered in Ohio.
2. Appoint a registered agent: The registered agent must be an Ohio resident or an Ohio-based corporation or limited liability company authorized to do business in Ohio. The registered agent receives legal and tax notices for the LLC.
3. File articles of organization: The articles of organization must be filed with the Ohio Secretary of State. The articles include the name of the LLC, its purpose, the name and address of the registered agent, and the names and addresses of the LLC's members.
4. Draft an operating agreement: While not required by Ohio law, it is highly recommended that LLC members draft an operating agreement. The agreement outlines how the LLC will be managed, how profits and losses will be distributed, and how decisions will be made.
5. Obtain necessary licenses and permits: Depending on the nature of the LLC's business, it may be required to obtain licenses or permits from federal, state, or local agencies.
6. Obtain an Employer Identification Number (EIN): An EIN is a unique identifier assigned by the Internal Revenue Service (IRS) for tax purposes. An EIN is necessary to open a bank account, pay taxes, and hire employees.
7. Register for state taxes: LLCs that have employees or sell goods or services subject to state tax must register for state taxes. Registration can be completed online through the Ohio Department of Taxation.

It is important to note that some industries may have additional regulations or requirements that must be met. It is recommended that individuals seeking to form an LLC in Ohio consult with a licensed attorney to ensure compliance with all applicable laws and regulations.