To start a small business in Ohio, there are several legal steps that must be taken:
- Choose a name for your business: The name must be unique and not already in use by another business in Ohio. You may check availability of the name through the Ohio Secretary of State's online database.
- Choose a business structure: Decide on the type of business structure that best suits your needs, such as sole proprietorship, partnership, LLC, or corporation.
- Register the business with the Ohio Secretary of State’s office: This can be done online or by mail. The registration fee varies based on the type of business structure selected.
- Obtain any necessary licenses and permits: Certain businesses require specific licenses and permits from the state or local government, depending on the nature of the business activities. This may include registration for state tax purposes.
- Obtain an EIN from the IRS: An Employer Identification Number (EIN) is required for tax purposes when hiring employees, opening a bank account or applying for loans.
- Register the business for state taxes: Register for Ohio state taxes or obtain a tax ID number.
- Obtain insurance: Depending on the type of business, insurance may be required. Consult with an attorney or professional insurance broker to ensure that you meet any applicable insurance requirements.
Overall, it is important to consult with an experienced attorney to ensure that you have fulfilled all legal requirements for starting a small business in Ohio.
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