The simplest way to start an LLC in Ohio is through a "formal" application, which you'll need to file with the county where you live. You don't need a professional attorney unless you plan on representing more than one company. (You probably shouldn't.) However, most people don't know how to begin an LLC in Ohio and end up doing it the wrong way. If you don't have a formal filing, you'll probably have to pay an attorney filing fee - and that can get expensive. Here's How To Start An Llc In Ohio without breaking the bank:

 

First, if you're not incorporating but filing an individual or family tax return, you don't have to incorporate to open an LLC in Ohio. There's no regulatory requirement for Ohio businesses to incorporate. However, you should look at the forms available to you, including providing some of your information to the federal tax code as described in the article How to Start an LLC in OH. This information would include including providing your tax identification number, state tax identification number, the LLC's name, and its address, and other information required by the IRS.

 

Second, you should consult the state to find out about specific licensing requirements, including those for business owners and officers. Unless you are licensed as a limited liability company, as defined under the laws of Ohio, you may not operate as a sole proprietorship, members-owners, or members-hips. And even if you are licensed as a limited liability company, you still can't operate as a C corporation unless you register the company under the laws of Delaware. However, the state of Ohio does allow some self-employed persons to incorporate.

How To Start An LLC In Ohio

 

Third, you'll have to file an application with the secretary of state of Ohio, and pay a one-time filing fee. Your application will contain a complete list of your LLC's unique requirements and reporting periods, and it will also include an assessment of your LLC's application. The assessment will be used to determine your liability status, as well as the validity of your certificate of authority. The secretary of state is not likely to approve an application without this assessment.

 

Fourth, you'll need to contact a qualified attorney, registered agent, or general practitioner in order to become a member of your LLC in Ohio. Just like with any other member-ownerships, you'll be required to pay a one-time filing fee, but you won't have to pay a commission. This will ensure that your attorney, agent, or practitioner has the experience and knowledge necessary to help you run your LLC in Ohio effectively. While there are several good lawyers in Ohio who can help you set up your Limited Liability Company, you might want to consider spending a little bit more money to ensure the best professional service possible.

 

Fifth, you'll need to purchase an official copy of your LLC's Articles of Organization. The Articles of Organization will include your name as the sole proprietor or director of your LLC, your office address, your LLC's docket number, and your business name. Your Articles of Organization must be signed by each of the individual members of your LLC. Failure to do so results in the invalidation of your LLC's Articles of Organization. Once the Articles of Organization are all approved and filed with the appropriate regulatory body in Ohio, your Limited Liability Company will be operational and able to handle its own banking, accounting, and legal functions.

 

Sixth, you'll need to file all of your state taxes for your new LLC in Ohio on its own. Because an LLC in Ohio has no separate tax identification number like most other types of business vehicles, all of the state taxes associated with operating your LLC in Ohio must be filed by the individual members. You will need an accountant or tax advisor with experience in Ohio state taxes to help you complete this process. Failure to file the state taxes required by your state could result in your LLC being dissolved. This also goes for any penalties that your LLC may be assessed.

 

Seventh, you'll need to create an Operating Agreement between you and each of your LLC members. An operating agreement is a legal document that legally binds all of the LLC's different members. It sets down the rules by which your LLC will operate, such as when to meet, who holds the meetings, the officers of your LLC, and other important information. All of these items are outlined in the Operating Agreement. Once you have all of these documents in place, you'll be ready to get started. Just make sure that all of your LLC's members meet the specified deadlines and pay the corresponding fees, and your business will be on its way to becoming an LLC in Ohio.

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