Steps to Starting a Small Business in Ohio

To start a small business in Ohio, there are several legal steps you need to take:

1. Choose a legal structure: You will need to decide which legal structure (sole proprietorship, partnership, LLC, corporation) best suits your business. Each structure has different legal and tax requirements.
2. Register your business: You will need to register your business with the Ohio Secretary of State. This can be done online or by mail. You will need to pay a fee and provide information about your business, such as its name, location, and legal structure.
3. Obtain necessary licenses and permits: Depending on the type of business you are starting, you may need to obtain licenses and permits from other state agencies or local municipalities. For example, if you are starting a restaurant, you will need a food service license and a building permit.
4. Obtain an EIN: If you have employees, you will need to obtain an Employer Identification Number (EIN) from the IRS. This number is used to identify your business for tax purposes.
5. Register for taxes: You will need to register your business with the Ohio Department of Taxation and obtain any necessary tax identification numbers. You may need to collect sales tax, use tax, or other types of taxes depending on your business.
6. Obtain insurance: Depending on the type of business you are starting, you may need to obtain insurance to protect yourself and your business. This may include general liability insurance, property insurance, or workers' compensation insurance.

It is important to note that these steps may vary depending on the type of business you are starting and the location of your business. It is recommended that you consult with an attorney or accountant to ensure that you have met all necessary legal requirements.