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What are the legal requirements for starting a small business in Ohio?

Picture of Chris Battis By   ·  1 minute read

To start a small business in Ohio, there are several legal requirements that must be followed.

  1. Choose a business structure: The first step in starting a small business in Ohio is to choose the legal entity that the business will operate as. This includes sole proprietorship, partnership, limited liability company (LLC), or corporation. Each entity has its own legal requirements, tax implications, and personal liability, so it is important to choose the right one for your business.
  2. Register the business: All businesses operating in Ohio must register with the Ohio Secretary of State. Most small businesses in Ohio register as an LLC or a corporation, and there are fees associated with registering.
  3. Obtain necessary licenses and permits: Depending on the nature of the business, there may be specific licenses, permits, or certifications required by the state, county, or city. These requirements vary by industry, and it is important to research these requirements before starting the business.
  4. Obtain an Employer Identification Number (EIN): An EIN is a nine-digit number issued by the Internal Revenue Service (IRS) that identifies a business for tax purposes. Most businesses in Ohio are required to obtain an EIN.
  5. Comply with tax requirements: All businesses in Ohio must comply with state and federal tax requirements. This includes registering for state and federal taxes and obtaining any necessary tax permits or licenses.
  6. Obtain business insurance: Business insurance protects the business and its assets in the event of accidents, property damage, or lawsuits. It is important to obtain appropriate insurance coverage for the business.
  7. Comply with labor laws: All businesses in Ohio must comply with state and federal labor and employment laws. This includes minimum wage requirements, overtime pay, workplace safety, and discrimination laws.

It is important to note that there may be additional requirements for specific industries or business activities. It is recommended to consult with a licensed attorney or a business advisor to ensure compliance with all legal requirements.