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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 met. These requirements may vary depending on the type of business being formed, but generally include the following:

  1. Choose a Business Structure: The first step in starting a small business is to decide what type of business structure to use. This may include a sole proprietorship, partnership, LLC, or corporation. Each structure has different legal requirements and tax implications, so it is important to research and choose the structure that best suits the needs of the business.
  2. Register the Business: Once the business structure has been chosen, the next step is to register the business with the Ohio Secretary of State. This registration will provide a legal name for the business and allow it to operate within the state.
  3. Obtain Necessary Permits and Licenses: Depending on the type of business, there may be certain permits or licenses required to operate legally in Ohio. This may include things like a sales tax license or a food service permit. It is important to research and obtain any necessary permits or licenses before starting the business.
  4. Apply for an EIN: An EIN, or Employer Identification Number, is a unique number assigned by the IRS that identifies a business for tax purposes. Most businesses will need an EIN, even if they don't have employees.
  5. Comply with Federal and State Employment Laws: If the small business will be hiring employees, there are several federal and state employment laws that must be followed. These may include minimum wage laws, anti-discrimination laws, and workplace safety regulations.
  6. Obtain Business Insurance: Depending on the type of business, it may be necessary to obtain business insurance to protect against potential lawsuits or other liabilities.

While these are the general legal requirements for starting a small business in Ohio, there may be additional requirements depending on the specific type of business being formed. It is important to consult with a licensed attorney or other qualified professional for further guidance and to ensure that all legal requirements are being met.