Skip to content
Ask a question
All posts

What are the requirements for starting a business in Ohio and what legal procedures do I need to follow?

Picture of Chris Battis By   ·  1 minute read

To start a business in Ohio, the following requirements and legal procedures must be followed:

  1. Choose a Business Structure: The first step in starting a business in Ohio is choosing a business structure. The four types of business structures in Ohio are sole proprietorship, partnership, limited liability company (LLC), and corporation. Each structure has its own advantages and disadvantages, so it is important to consult with a qualified attorney before making a decision.
  2. Register Your Business: After choosing a business structure, you must register your business with the Ohio Secretary of State's office. You will need to file articles of incorporation or organization, depending on your chosen business structure, and pay the required filing fee.
  3. Obtain Permits and Licenses: Depending on the nature of your business, you may need to obtain permits or licenses from various state agencies. For example, if you plan to sell alcohol, you will need to obtain a liquor license from the Ohio Division of Liquor Control. If you plan to sell food, you will need to obtain a food service license from the Ohio Department of Health.
  4. Obtain an Employer Identification Number (EIN): An EIN is a unique number assigned by the Internal Revenue Service (IRS) to identify your business for tax purposes. Most businesses are required to obtain an EIN from the IRS.
  5. Open a Business Bank Account: It is important to keep your personal finances separate from your business finances. Therefore, it is recommended that you open a separate bank account for your business.
  6. Obtain Business Insurance: Depending on the nature of your business, you may need to obtain various types of insurance, such as liability insurance, property insurance, or workers' compensation insurance.
  7. Comply with Tax Requirements: Your business will be subject to various taxes, such as sales tax, payroll tax, and income tax. It is important to comply with all tax requirements and file all required tax returns on time.

Overall, starting a business in Ohio can be a complex process, and it is recommended that you seek the assistance of a qualified attorney to ensure that you comply with all legal requirements and procedures.