What steps need to be taken in Ohio to legally form a limited liability company (LLC)?

To legally form a limited liability company (LLC) in Ohio, there are a few steps that need to be taken:

1. Choose a name for your LLC: The name of your LLC must be distinguishable from any other business entity registered in Ohio. You can check for name availability on the Ohio Secretary of State's website.
2. File Articles of Organization: You must file Articles of Organization with the Ohio Secretary of State's office. The Articles of Organization must include the LLC's name, address, registered agent, and the names and addresses of the LLC's members. You can file online or by mail.
3. Obtain an EIN: You must obtain an Employer Identification Number (EIN) from the IRS. This number is used for tax purposes and is necessary to open a bank account or hire employees.
4. Create an operating agreement: Although not required by law, it is recommended to create an operating agreement that outlines the procedures of how the LLC will operate. This should include management and member roles, voting procedures, and profit distribution. This agreement is not filed with the state but should be kept with important business documents.
5. Obtain any necessary licenses or permits: Depending on your industry, you may need to obtain certain licenses or permits to operate your business legally. This information can be found on the Ohio Business Gateway website.

Once these steps have been taken, your LLC will be legally formed in Ohio. It is important to keep accurate records and file necessary reports with the state to maintain compliance with state laws. Additionally, it is recommended to seek the advice of a licensed attorney to ensure that all legal requirements are met and to address any potential limitations or exceptions specific to your business.