Forming an LLC in Ohio is not as difficult as one might think. Even if you live outside the state, you can still open one if you have an active bank account and an address in the state. There are a few formalities that must be fulfilled. First, you need to file an application with the Secretary of State. The forms are available online and can be downloaded for free.
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Once your application is filed, you will be given a business license by the Secretary of State in Ohio. However, you may still have to fulfill other state filing requirements. Business owners need to obtain a state taxpayer Identification number from the Ohio Secretary of Revenue. They also need to submit an application with the IRS. Filing fees apply to all states, so owners should check with their state's legal authority as to how much they need to pay.
Then there are the filing fees. Most cities in Ohio to charge a filing fee, and some cities may charge an annual renewal fee as well. Commonly, these fees are in the form of a tax identification number (ITIN). Filing fees vary by city, so it's important to shop around for your filing fees.
How to Start an LLC in Ohio
Another requirement is that the LLCs must have a registered agent. A registered agent is responsible for receiving calls and acting on behalf of the LLC. Registered agents can be found in the same place for registered agents and non-registered agents. It is up to the individual to determine who will be the registered agent. How to start a LLC in OH is very easy once the required filings have been completed.
Once all the required filings are complete, you can submit your application to the state registry for how to start an LLC in OH. The next step is submitting articles of organization, also known as Articles of Organization. To do this, the individuals filing the Articles of Organization must first select a name for the LLC. Once this is done, a statutory agent must be selected and the rest of the process will follow.
Once all of the steps for how to start an LLC in OH have been completed, the filing process is completed. One final step in the process is the filing fee and a certification of receipt. If an LLC has not filed an original report to the state by the deadline, it will receive a certification of receipt. This gives the business the official approval to transact business in the state. The state fee is minimal, and most businesses have received a letter of acceptance or denial from the state within days of submitting their application.
There are three basic categories of LLCs: limited liability companies, corporations, and partnership. Limited liability companies have no corporate or individual income tax liability while corporations are liable for personal income tax. LLCs can file an Application for Operating Agreement within three days. An Operating Agreement is required to govern the relationship between the LLC and the owners. Also required is the filing of an annual report to the state tax authority.
Forming an LLC in OH is very easy. If you need help with starting an LLC in Ohio, contact an attorney that specializes in business laws. He or she can help guide you through the entire process from start to finish.
You will have to designate a qualified registered agent. Contact your local Ohio state official to find out whom it must be. Once you have a list of registered agents in Ohio, contact the Ohio secretary of state to see who has to be the initial agent who signs all papers. If it is your first time doing so, you can use the same agent you have used for your other mailings as your personal agent.
The next step is to file your Articles of Organization. These articles include the name of the LLC, its registered agent and its business name. Also note that you are required to submit a proof of identification (required by the Ohio secretary of state) to prove that you are who you say you are. The articles of organization should be filed with the county recorder in the county where you live. Filing with the county recorder in the county where you live is more convenient because it can save you time and make things smoother for you.
Finally, you are ready to file all the necessary forms. There are forms for your LLC, a tax id number, a fictitious business name if necessary (note that you do not have to use this), and an Operating Agreement. The Operating Agreement is the most important of all the documents because this is what sets the rules for your limited liability company. Include the fact that you are forming a corporation rather than a sole proprietorship. Also include any other rules you want to impose on your business. When you have all the necessary forms filed and with your duly filled Operating Agreement, you are ready to go.
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