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What are the steps I need to take to legally start a small business in Ohio?

Picture of Chris Battis By   ·  1 minute read

To legally start a small business in Ohio, there are several steps you must take:

  1. Choose a Business Structure: Before you start your small business, you must determine the structure of your business. The most common business structures in Ohio are partnerships, LLCs (limited liability companies), and corporations. Each structure has its benefits and drawbacks, so it is important to choose the one that suits your needs.

  2. Register Your Business Name: Once you have selected a business structure, you must register your business name with the Ohio Secretary of State. To do this, you will need to conduct a name search to ensure that your business name is available and not already taken.

  3. Obtain Necessary Permits and Licenses: Depending on the type of business you are starting, you may need to obtain certain permits and licenses from the state or local government. For example, a restaurant may need a food service license, while a contractor may need a construction license.

  4. Register for Taxes: If you plan on selling goods or services in Ohio, you will need to register for sales tax with the Ohio Department of Taxation. You will also need to obtain an Employee Identification Number (EIN) from the Internal Revenue Service (IRS) if your business has employees.

  5. Open a Business Bank Account: It is important to keep your personal and business finances separate. A business bank account will help you manage your finances and keep track of your income and expenses.

  6. Obtain Business Insurance: Depending on your type of business, you may need to obtain business insurance to protect your assets and liability.

  7. Hire Employees: If you plan on hiring employees, you will need to comply with federal and state labor laws, including minimum wage, overtime pay, and anti-discrimination laws.

It is important to note that the above steps are general requirements for starting a small business in Ohio. Depending on your specific business and industry, there may be additional requirements and regulations you need to comply with. It is recommended to consult with an experienced business attorney to ensure that you are meeting all legal requirements for starting and operating your small business in Ohio.