What are the steps I need to take to form a Limited Liability Company (LLC) in Ohio?
To form a Limited Liability Company (LLC) in Ohio, you must follow the steps outlined below:
- Choose a name for your LLC: Ensure that the name you choose is unique and not already in use by another Ohio LLC. The name should also include “LLC” or “Limited Liability Company” at the end.
- Appoint a Registered Agent: Under Ohio law, you must appoint a registered agent who will receive legal and business documents on behalf of your LLC.
- File Articles of Organization: The next step is to file Articles of Organization with the Ohio Secretary of State, which requires you to provide information such as the name and address of your LLC, registered agent’s name and address, and the purpose of the LLC.
- Create an Operating Agreement: Although it is not required by law, it is highly recommended that you create an Operating Agreement that outlines the management and ownership structure of your LLC. This agreement will also govern the relationship between the members in the LLC.
- Obtain any Necessary Licenses and Permits: Depending on the nature of your business, you may need to obtain licenses and permits from the state or local government.
- Obtain an Employer Identification Number (EIN): If your LLC has employees, you will need to obtain an EIN from the Internal Revenue Service (IRS) for tax purposes.
Potential limitations or exceptions to the advice given include:
- Different types of LLCs require different forms and filings. For example, Series LLCs require additional documentation.
- The process and requirements for forming an LLC may differ for non-US citizens and non-residents.
- Certain professions in Ohio, such as medical or legal practices, may have additional requirements for LLCs.
If you encounter any issues or require further assistance in forming an LLC in Ohio, you should seek the advice of a licensed attorney who specializes in business formation and can guide you through the process.