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What legal steps should I take if I want to start a small business in Ohio?

If you want to start a small business in Ohio, here are some legal steps you should follow:

  1. Choose a business structure:

    You should carefully consider which type of business structure is best for you. You can choose from a sole proprietorship, partnership, limited liability company (LLC), or corporation. Each has its own advantages and disadvantages, so it's important to do your research and choose the one that's right for you.

  2. Choose a business name:

    Once you've decided on a structure, you'll need to choose an appropriate name for your business. You should make sure that it's not already taken by another business in Ohio, as well as ensuring that it complies with Ohio's rules governing business names.

  3. Register with the Ohio Secretary of State:

    You'll need to register your business with the Ohio Secretary of State to legally operate in the state. You can do this online or through mail, and will need to pay a filing fee.

  4. Obtain any necessary licenses and permits:

    Depending on the nature of your business, you may need to obtain certain licenses and permits to operate legally in Ohio. You can find out what licenses and permits you need by contacting the appropriate state agency or consulting with an attorney.

  5. Obtain an Employer Identification Number (EIN):

    If you plan on hiring employees for your business, you'll also need to apply for an EIN from the Internal Revenue Service (IRS). This is a unique number that identifies your business to the IRS for tax purposes.

  6. Open a business bank account:

    You should open a separate bank account for your business to keep its finances separate from your personal finances.

  7. Obtain business insurance:

    It's a good idea to obtain insurance to protect your business from liability and other risks. Depending on the nature of your business, you may need to obtain various types of insurance, such as general liability insurance, professional liability insurance, or workers' compensation insurance.

In addition to these steps, you should also consult with an experienced attorney who can help you navigate the legal landscape of starting a business in Ohio, including drafting contracts, negotiating leases, and addressing any other legal issues that may arise.