What are the steps I need to take to properly form a limited liability company in Ohio?
To form a limited liability company (LLC) in Ohio, there are several steps that need to be taken. These steps include:
- Choosing a name: The first step to forming an LLC is to choose a name for the company. This name must comply with Ohio’s naming requirements and must be distinguishable from other businesses registered in Ohio.
- Appointing a registered agent: An LLC must have a registered agent in Ohio who is authorized to receive legal notices and documents on behalf of the company. The registered agent must have a physical Ohio address.
- Filing articles of organization: To register an LLC in Ohio, you must file articles of organization with the Ohio Secretary of State. The articles must include basic information such as the name of the LLC, the name and address of the registered agent, and the names of the LLC’s owners.
- Creating an operating agreement: Though not required by Ohio law, it is highly recommended that you create an operating agreement for your LLC. This agreement outlines how the business will be managed and operated, as well as the rights and responsibilities of each member.
- Obtaining necessary licenses and permits: Depending on the nature of your business, you may need to obtain certain licenses and permits from the Ohio government to legally operate.
- Obtaining an employer identification number (EIN): If your LLC has employees, you must obtain an EIN from the Internal Revenue Service (IRS).
It is important to note that forming an LLC in Ohio also requires payment of a filing fee. Additionally, there may be other requirements specific to your industry or location within Ohio that must be met.
If you have questions on how to properly form an LLC in Ohio, it is highly recommended that you seek the advice of a licensed attorney.