What are the legal requirements for forming an LLC in Ohio?
To form an LLC in Ohio, there are several legal requirements that must be met:
- Choose a Name for the LLC: The first step in forming an LLC in Ohio is to choose a name for the LLC. The name must be unique and must include the words “Limited Liability Company,” “L.L.C.,” or “LLC.”
- Registered Agent: The LLC must have a registered agent in the state of Ohio. The registered agent is responsible for accepting legal documents on behalf of the LLC.
- Draft Articles of Organization: The LLC must draft and file articles of organization with the Ohio Secretary of State. These articles must include the name of the LLC, the address of the LLC’s principal place of business, the name and address of the registered agent, and the name and address of the LLC’s members.
- Operating Agreement: Ohio law does not require an LLC to have an operating agreement, but it is recommended that the LLC have one. The operating agreement sets out the rules and procedures for the LLC’s management and operation.
- Obtain Business Licenses and Permits: Depending on the nature of the business, the LLC may be required to obtain business licenses and permits from state and local government agencies.
- File Annual Reports: Every year, the LLC must file an annual report with the Ohio Secretary of State. The report must include the name and address of the LLC, the names and addresses of the LLC’s members, and the name and address of the registered agent.
It is important to note that there may be limitations or exceptions to these requirements depending on the specific circumstances of the LLC. Therefore, it is advisable to consult with a licensed attorney to ensure that all legal requirements are met when forming an LLC in Ohio.