What steps do I need to take in Ohio to form a limited liability company?
How to Form an LLC in Ohio
In order to form a limited liability company (LLC) in Ohio, you will need to follow certain steps and meet certain requirements. Here is a detailed guide on how to form an LLC in Ohio:
- Choose a name for your LLC: Your LLC's name must be unique and not already in use by another Ohio LLC. You can check the Ohio Secretary of State's online database to see if the name you want is available.
- File Articles of Organization: You need to file Articles of Organization with the Ohio Secretary of State's office. This document includes basic information about your LLC, such as its name, address, and the name and address of its registered agent. You can file these documents online or by mail.
- Obtain any necessary licenses and permits: Depending on your business activity, you may need to obtain certain licenses and permits from the state or local government. For example, if you are starting a restaurant, you will need to obtain a food service license.
- Obtain an EIN: You will need to obtain an Employer Identification Number (EIN) from the IRS for tax purposes. You can apply for an EIN online.
- Create an operating agreement: An operating agreement is not required in Ohio, but it is a good idea to have one to spell out how your LLC will be managed and to prevent disputes among members.
- Publish a notice in a newspaper: Ohio LLCs are required to publish a notice of formation in a newspaper of general circulation in the county where the LLC is located.
Note that some types of businesses are not allowed to form as an LLC in Ohio, such as banks and insurance companies. Additionally, forming an LLC does not protect you against all liability, such as personal liability for your own wrongdoing.
If you have any further questions or need assistance with forming an LLC in Ohio, it is recommended that you consult with an attorney who is licensed to practice in Ohio.