How To Open An LLC In Ohio

How to Open an LLC in Ohio

Introduction

If you’re thinking about starting a business in Ohio, you may be considering forming a limited liability company (LLC). LLCs offer a number of advantages over other business structures, such as limited personal liability, tax benefits, and flexibility.

In this guide, we’ll walk you through the steps on how to open an LLC in Ohio. We’ll cover everything from choosing a name to filing the necessary paperwork.

This can be done yourself by visiting the Ohio Secretary of State website by following the LINK and following the steps listed below. You can also Start a business in Ohio by reaching out to our Business Formation Specialists at BusinessRocket for assistance. The team at Business Rocket has the knowledge and experience to file the documents on your behalf so you get the most benefits from whatever business structure you select.

Step 1: Choose a Name

Your LLC name must be unique and distinguishable from other businesses in Ohio. You can check the availability of a name using the Ohio Secretary of State’s website.

Your LLC name must also include the words “Limited Liability Company” or the abbreviation “LLC.”

Step 2: Choose a Registered Agent

A registered agent is a person or business that is responsible for receiving legal documents on behalf of your LLC. The registered agent must be located in Ohio and have a physical address.

You can choose to be your own registered agent, or you can hire a registered agent service.

Step 3: File Articles of Organization

The Articles of Organization is the document that officially forms your LLC. You can file the Articles of Organization online or by mail.

The filing fee for the Articles of Organization is $99.

Step 4: Get an Employer Identification Number (EIN)

An EIN is a nine-digit number that is used by the IRS to identify businesses. You can get an EIN online or by mail.

Step 5: Open a Bank Account

You will need to open a business bank account in order to deposit and withdraw money from your LLC.

When you open a business bank account, you will need to provide your LLC’s EIN and Articles of Organization.

Step 6: Obtain Business Licenses and Permits

Depending on the type of business you are operating, you may need to obtain business licenses and permits from the city or county where you are located.

You can find information about business licenses and permits on your local government’s website.

Step 7: Create an Operating Agreement

An operating agreement is a document that outlines the rules and regulations of your LLC. The operating agreement is not required by law, but it is a good idea to have one.

The operating agreement should include information such as the ownership structure of the LLC, the management structure, and the distribution of profits and losses.

Benefits of Forming an LLC in Ohio

There are many benefits to forming an LLC in Ohio, including:

Limited personal liability: As an LLC owner, your personal assets are protected from lawsuits and creditors.
Tax benefits: LLCs are taxed as pass-through entities, which means that the profits and losses of the LLC are passed through to the owners and taxed on their individual tax returns.
Flexibility: LLCs offer a great deal of flexibility in terms of ownership structure, management, and operations.

How To Open An LLC in Other States:

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Conclusion

Forming an LLC in Ohio is a relatively simple process. By following the steps outlined in this guide, you can get your LLC up and running quickly and easily.

Call to Action

If you’re ready to start your business in Ohio, we can help. We offer a variety of services to help you form your LLC, including name registration, filing of Articles of Organization, and obtaining an EIN.