What steps do I need to take in order to form an LLC in Ohio?
To form an LLC in Ohio, you should follow these steps:
- Choose a Name: You must choose a unique name for your LLC that has not already been registered in Ohio. Search the Ohio Secretary of State's online database to make sure your desired name is available.
- Appoint a Registered Agent: Appoint a registered agent with an Ohio street address to receive legal documents on behalf of your LLC. The registered agent must be available during regular business hours.
- File Articles of Organization: File Articles of Organization with the Ohio Secretary of State's office. You must include the LLC name, address, registered agent, and the name and address of the LLC members or managers.
- Prepare an Operating Agreement: While not required by Ohio law, an operating agreement outlines the management, structure, and ownership of the LLC. It can also provide important protections for LLC members.
- Obtain Business Licenses: Depending on the nature of your LLC's operations, you may need to obtain various business licenses or permits from federal, state, or local authorities.
- Obtain an EIN: If your LLC has more than one member or you plan to hire employees, you need to obtain an Employer Identification Number (EIN) from the IRS.
- File Annual Reports: Ohio LLCs must file annual reports with the Ohio Secretary of State's office. This report is due by the 15th day of the 4th month after the LLC's fiscal year-end.
It's important to note that forming an LLC is a complex legal process, and there may be additional steps or requirements depending on your specific situation. For example, if you're starting a professional LLC, like a law firm or consulting business, you may need to meet additional licensing requirements. It's always best to consult with an experienced business attorney to ensure that your LLC is formed correctly and fully compliant with Ohio law.