Get LLC in Ohio
Forming an Ohio LLC requires specific steps and procedures to make sure your business is in compliance with state regulations. Follow this guide to ensure you properly form your LLC, maintain records, and protect yourself from potential legal issues.
Understand LLC Basics
To get started with forming an Ohio LLC, you’ll need to understand the basic best practices and legal terminology. LLCs are governed by a unique set of regulations dictated by the Ohio Revised Code (ORC). It’s important to understand these regulations in order to ensure that your LLC is properly established and remains in compliance with the ORC. In addition, establishing good record-keeping practices from the outset is vital for avoiding any potential misunderstandings or conflicts down the road.
Choose a Unique Business Name
When registering an Ohio LLC, it’s important to choose a business name that is not in use by another entity registered with the state. Your business name must also include ‘Limited Liability Company’, ‘LLC’, or an abbreviation thereof. It should be noted that using certain words (e.g., Bank, Attorney, University) requires additional paperwork. To make sure your desired name is available for use, you can check with the Ohio Secretary of State’s office or conduct an online search.
File the Articles of Organization
Once you have a business name registered with the Ohio Secretary of State, you must file an Articles of Organization with the Ohio Secretary of State’s office. This document officially creates your LLC and serves as legally binding evidence that you operate an LLC in the state. The Articles of Organization contain information about your business, including the name and address of the LLC, the managers or members running the business, and other essential details. This document must be accompanied by the filing fee before it can be processed.
Appoint a Registered Agent
Each Ohio LLC must identify a registered agent in the state who will receive service of process (notices of lawsuits) on behalf of the LLC. A registered agent accepts service of process when a business is sued or faces other legal actions and cannot legally be its own registrant. The physical address of the registered agent is listed on your documents as a contact to accept official correspondence on behalf of your business.
Create an Operating Agreement
Once you’ve registered your Ohio LLC, it’s important to develop an operating agreement. An operating agreement sets out the roles of each LLC member, as well as how decisions about taxation, profits, and losses will be made. Having an official document outlining the expectations and responsibilities of each LLC member can avoid misunderstandings upfront and help prevent costly disputes down the road.