To set up a limited liability company (LLC) in Ohio, the following steps must be taken:
- Choose a name: Select a unique name that is not already in use by an existing Ohio business. The name must also include the words "limited liability company" or the abbreviation "LLC."
- Appoint a registered agent: Every Ohio LLC must have a registered agent, who is responsible for accepting legal documents on behalf of the company. The registered agent must be located in Ohio, and can be an individual or a registered business entity.
- File articles of organization: The articles of organization is a legal document you file with the Ohio Secretary of State's office that officially establishes the LLC. The document must include the name and address of the registered agent, the purpose of the LLC, and the names of the LLC members.
- Create an operating agreement: While not required by Ohio law, it is advisable to create an operating agreement that outlines how the LLC will be managed and how profits and losses will be distributed among members.
- Obtain necessary licenses and permits: Depending on the nature of your business, you may need to obtain certain licenses and permits before operating in Ohio. For example, if you plan to sell alcohol, you will need a liquor license.
- Register for taxes: All Ohio LLCs must register for state taxes, including sales tax and employer withholding tax. You may also need to obtain a federal Employer Identification Number (EIN).
It is important to note that these are general steps and that the process of setting up an LLC can vary depending on the situation. It is advisable to consult with a licensed attorney or accountant for personalized legal advice and guidance through the process.
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