What steps do I need to take to form a limited liability company in Ohio, and what are the benefits of doing so?

Forming an LLC in Ohio

Several steps must be taken to form a limited liability company (LLC) in Ohio.

Step 1: Choose a Unique Name

Choose a unique name for your LLC and confirm that it is available for use in Ohio by conducting a name search through the Ohio Secretary of State's online database. Reserve your desired name for 180 days by filing a Name Reservation form.

Step 2: File Articles of Organization

File Articles of Organization with the Ohio Secretary of State, providing basic information about your LLC, including its name, registered agent, business purpose, and the names and addresses of its members or managers. The filing fee for the Articles of Organization is $99.

Step 3: Obtain and Maintain Required Documents and Records

Obtain and maintain certain documents and records, including an Operating Agreement and a Federal Tax Identification Number (EIN) from the Internal Revenue Service. You may also need to obtain business licenses or permits from local or state authorities.

Benefits of Forming an LLC in Ohio

An LLC offers limited liability protection to its members, provides flexibility in terms of taxation, and offers greater managerial flexibility than a traditional corporation.

It is important to seek the advice of a licensed attorney with experience in Ohio business law to ensure that your LLC is properly formed and maintained.