In order to form a Limited Liability Company (LLC) in Ohio, there are several steps that must be followed.
- Choose a name for the LLC that complies with Ohio law. The name must include the words "Limited Liability Company" or the abbreviation "LLC" and cannot be the same as an existing LLC or corporation in Ohio.
- File Articles of Organization with the Ohio Secretary of State's office. This document establishes the LLC and provides information such as the name and address of the LLC, the name and address of the registered agent, and the names and addresses of the LLC's members.
- Draft an Operating Agreement that outlines how the LLC will be managed and operated. This document is not required by Ohio law, but it is strongly recommended.
- Obtain any necessary business licenses and permits at the local and state level. Ohio has a website dedicated to the process of registering a business, and all necessary permits and licenses can be obtained through the site.
- Obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). This number is required for tax purposes and allows the LLC to hire employees.
- Open a business bank account and obtain any necessary insurance.
It is important to note that Ohio, like many states, may have specific requirements for LLCs depending on the industry or the nature of the business. It is always advisable to consult with an attorney with experience in Ohio business law to ensure compliance with all relevant laws and regulations.
Additionally, once the LLC is formed, it is important to maintain proper documentation and comply with all ongoing obligations, such as filing annual reports with the Secretary of State's office and paying taxes on time. An attorney or accountant can provide guidance on these ongoing requirements.
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