We’ve put together a free step-by-step guide on how to set up an LLC in Ohio. We want you to have a clear idea of how to set up and manage an LLC for your state. We’ve tried to make sure you have the information you need right at your fingertips. Each step has instructions and links to the sites for you to fill out the forms in the correct order. So, let’s set up your Ohio LLC right now!
A few points to remember before setting up your LLC in Ohio
When you set up an LLC in Ohio, you’ll need a few things before you get started. This section will help you get your checklist in order.
A Unique Business Name
Every business in the state must be unique. You’ll need to search for an Ohio LLC name. Go to Search by Business Name to make sure yours is not taken.
An LLC Designator
You must have an LLC designator in your name in one of the following formats.
- LLC (most common)
- L.L.C.
- Ltd
- Ltd.
- Limited
- Limited Liability Company
Now that you have your unique business name, it’s time to register it with the state of Ohio. Let’s get down to business.
A Statutory Agent
In most states, a Statutory Agent is a person or a company that accepts “Service of Process” for your Ohio LLC. A Statutory Agent will receive any subpoenas, notices, and other legal and tax documents sent to your business by the Ohio Department of Taxation.
If you’re opening a business in Ohio but you aren’t a resident, you’ll need to get a Statutory Agent in that state. The requirements for a Statutory Agent are as follows:
An Individual:
- Must be 18 and be a resident of the state
- Must be authorized to do business in the state.
- Must have a physical street address located in Ohio
A Company
- Must be authorized to do business in the state
If you meet the above criteria, you can be your own Statutory Agent. Or you can set up a friend or family member to be your Statutory Agent.
You can also hire a commercial Statutory Agent. A company that provides their name and address to receive legal documents from the state.
Hot Tip
The nice part of using a company is that their address is used instead of yours. As the business address will be public knowledge. By using a Statutory Agent, you can protect and secure your own address.
Step 1: Register Your Business Name
To Set up an LLC in Ohio you need to reserve your business name. This way during the process no one can steal the name of your company.
You’ll need to reserve your name on the Name Reservation Registration filing forms. If you want to file by mail, print out the name reservation Form 534B and send it to the Secretary of State’s office.
Your name reservation will be up to 180 days. The filing fee is $25 online and $39 by mail.
Step 2: File Your Articles of Organization in Ohio
Setting up an LLC in Ohio is easy, especially for single-member LLCs. Just go and sign up to Frank LaRose Portal.
You can just directly file the Articles of Organization even without a reservation. Easy peasy.
If you don’t want to file online, you can download and print out the form of the Articles of Organization here.
Fees: In Ohio, the cost of setting up your LLC and filing the Articles of Organization is $99. It takes 1-2 business days for online filings to get back approval. And it takes 3-7 business days for mail filings.
Step 3: Complete Your Ohio LLC Operating Agreement
An operating agreement is a key document used by LLCs and partnerships. It outlines the business’ financial and functional decisions including rules, regulations, and provisions. This describes how your LLC will operate internally. For more information on operating agreements, you can check out the Small Business Administration’s article on basic operating agreements.
Hot Tip
You are not required to file an Operating Agreement with your state. But it may be vital to have it, especially if there are multiple members of your LLC.
Step 4: Get Your Federal Tax ID Number (EIN)
Once your Ohio LLC has been approved it’s time to get your Federal Tax ID Number from the IRS.
Your EIN is the social security number of your business. Keep it well protected. You’ll use this number to open bank accounts, file tax documents, apply for loans, and many other uses. It also protects your social security number when doing business with other businesses like merchant accounts, 1099s received, etc.
To apply for your EIN you can go to IRS EIN/Tax ID Application. Make sure you pick the correct Business Entity Type.
Quick Note
You can only file online if you have a Social Security Number (SSN) or Taxpayer ID (ITIN). Otherwise, you’ll have to mail in the forms and wait for the response. If you don’t have an SSN, on Form SS-4, where it asks for your SSN, ITIN, or EIN (line 7b), write “Foreign”. Your EIN application will then be approved without the need for having an SSN.
Taxes, Permits, and Licensing in Ohio
To do business in Ohio you will need to file tax returns, and hold permits and licenses in your county or city.
Ohio LLC must apply for the necessary business licenses and or permits. This depends a lot on the type of business and the location of your business.
Ohio State does not require your LLC to file an Annual Report. Aside from business licenses and permits, all LLCs must also pay appropriate taxes and meet obligations with the Ohio Department of Taxation.
Never miss a deadline
Not sure which forms to file with the IRS and your State after you set up your new business?
Sign Up to Simply Tax Compliant. File the right forms and the right time to avoid penalties and interest.
Putting it All Together
Now that you can set up an LLC in Ohio online it shouldn’t take more than a day or two to get up and running. The Ohio Secretary of State’s website is very easy to navigate and following the four steps above will help you get your talents and ideas to market faster.
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