How to start an LLC in Ohio
There are various steps to starting an LLC in Ohio, which we’ve outlined below. By following these, you’ll be well-organized when it comes to launching your business.
1. Reserve your business name
Once you’ve chosen your business name, it’s a good idea to reserve it to secure exclusive rights for 180 days. Just be sure to file your Articles of Organization within that timeframe to keep the name protected. If necessary, Corporate Creations can assist with business name reservations.
2. Hire a registered agent
A registered agent is a legal requirement for businesses across all 50 states. A registered agent receives legal documents like Service of Process on your behalf and must have a physical address in the state in which your business is located – in this case, Ohio. Corporate Creations is the trusted registered agent for many Fortune 1000 companies, and we can support you with your statutory agent needs in Ohio.
3. Choose your management structure
In Ohio, the default management structure is a member-managed LLC, which means owners oversee daily operations. However, you can opt for a manager-managed structure if you’d prefer a more hands-off approach when it comes to running your business. Whatever you choose, make sure you outline your management structure and the details related to it in the operating agreement.
4. Create an operating agreement
While there is no formal requirement to create and file an operating agreement when starting an LLC in Ohio, the general guidance is that having an operating agreement is a good idea. In the operating agreement you set out the fundamentals related to your business; for example, what the management structure is, ownership details, profit distribution, and more. With an official document outlining all these key aspects, you can ensure that you’re adequately protected should there be any member disputes or legal issues.
5. Appoint an LLC organizer
The LLC organizer is the individual who files the Articles of Organization with the Secretary of State’s office. Legally, the organizer can be anyone, such as the owner of the business, but many people opt for a third-party provider like Corporate Creations who can oversee the filing process entirely on your behalf and ensure all documents are filed properly.
6. File your Articles of Organization
Once you’ve compiled all the necessary information, your organizer can file your Articles with the Secretary of State. The Articles must include the following information:
- The name of the company (which must include “limited liability company”, “LLC”, “ltd”, or “limited”)
- Paperwork confirming the appointment of your registered agent
- A statement that the LLC has one or more series of assets (if applicable)
- Anything else that the LLC owners deem relevant
After filing the Articles, your LLC will officially exist. You’ll now be able to get an EIN (Employer Identification Number), open a business account, apply for licenses, and officially start doing business!
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