Setting Up Your Ohio LLC
Setting up an LLC, or Limited Liability Company in Ohio is an easy and straightforward process. You can begin by filling out some necessary forms here: www.OHBusinessCentral.com. This is a great place to get started by registering your LLC business and reviewing forms and publications that will aide in making your business a successful one.
What Is a Limited Liability Company?
A limited liability company (LLC) is a business entity which combines elements of partnership and corporate structures, and may be formed in Ohio for a profit or nonprofit purpose.
People generally decide to form an LLC because this business type is commonly more flexible than a corporation and is ideal for companies with only one owner. Although owners have limited liability, this does not mean they are completely protected from personal liabilities. For example, if a limited liability company is sued, typically the assets of the owners are protected because the business assets are separate and distinct from the personal assets, but there are exceptions under certain circumstances.
Ultimately, you may wish to consult one of the small business attorneys at our law office before deciding which entity type is best for your company. We can help you stay within the legal parameters of crucial decisions such as choosing a business name, navigating required versus non-required information for filing, and how to best submit filings. We can also help you answer any important questions such as if an existing non-profit company can convert into a for-profit entity and vice-versa and whether it may be better to merge or consolidate with an existing business entity, or simply figuring out which dates to write on the forms to be able to begin doing business.
Navigating business is complicated enough, filing for an LLC doesn’t have to be. We are here for all your LLC questions and concerns. Whatever your small business legal needs may be, we can assist you.