To form a limited liability company (LLC) in Ohio, there are a few steps to follow:
- Choose a name for your LLC. The name must include the words "Limited Liability Company" or the abbreviations "LLC" or "L.L.C." The name must also be distinguishable from other business names on record with the Ohio Secretary of State. You can check name availability on the Ohio Secretary of State's website.
- Choose a registered agent. A registered agent is a person or entity that accepts legal documents on behalf of your LLC. The registered agent must have a physical address in Ohio.
- File articles of organization. Articles of organization are the legal documents that establish your LLC. You can file articles of organization online through the Ohio Secretary of State's website. You will need to provide the LLC's name, address, registered agent information, and the names and addresses of the LLC's members or managers.
- Obtain any necessary licenses and permits. Depending on the nature of your business, you may need to obtain licenses or permits from state or local authorities.
- Draft an operating agreement. An operating agreement is a legal document that outlines the rules and regulations governing your LLC. While not required by law, it is strongly recommended that all LLCs have an operating agreement.
- Obtain an Employer Identification Number (EIN). An EIN is a unique nine-digit number that the IRS assigns to businesses for tax purposes. You can apply for an EIN through the IRS website.
- Open a business bank account. It is important to keep your LLC's finances separate from your personal finances. Opening a separate business bank account can help with this.
It is important to note that there may be additional steps or requirements depending on the nature of your business and the specific circumstances of your LLC. It is always a good idea to consult with a licensed attorney to ensure that you are meeting all legal requirements and to address any potential issues that may arise.
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