how much does it cost to register a business name in ohio

#HOW MUCH DOES IT COST TO REGISTER A BUSINESS NAME IN OHIO FREE#

A state resident with a physical address in Ohio.

The statutory agent must be available during business hours.

The statutory agent must have a physical address - not a P.O.

What are the main requirements for a statutory agent? Ohio law requires all businesses to appoint a statutory agent so that the state government has a consistent contact person for that LLC or corporation. Your business cannot be official without this position.Ī statutory agent is a person or business who is authorized to accept all official mail for the LLC. There are no residency restrictions imposed on LLC members in Ohio.Īll Ohio LLCs must appoint a statutory agent. There must be at least one member or manager to form an LLC in Ohio.Īn organizer/authorized representative may sign and file the Articles of Organization in place of the LLC members.

Manager-managed: An appointed manager oversees the daily operations of the LLC and the members are not actively involved.

Member-managed: All members participate in operating and making decisions for the LLC.

Please Note: All LLCs have members some LLCs will also have managers. The difference in the title depends on the management structure of the business. The owners of an LLC are known as either members and/or managers.

You can easily check domain name availability at a number of online web services sites. In addition to choosing a name for your LLC, creating an online presence is equally important in the current culture. LLC business names associated with government and/or financial entities are not always restricted - it depends on the state. Terms related to the Armed Forces or civil servants (police, EMT, fire).Terms that represent educational or Veterans’ organizations are restricted.“Lottery” and “Bank” are ineligible for use (any state).The name of your new LLC must not be similar to another organization’s name/trademark.Your business name cannot be intentionally misleading to consumers.

The official name of your business must end with: Limited Liability Company, Limited Company, LLC, or L.L.C.

#HOW MUCH DOES IT COST TO REGISTER A BUSINESS NAME IN OHIO FREE#

Tip: Use a free business name search tool to ensure your company’s desired name is available. The first step in forming your Ohio LLC is to choose a business name however, both the state and federal governments have guidelines concerning the use of certain words.

Step 5: Create an LLC Operating Agreement.

Step 4: File the Articles of Organization.

Step 2: Establish ownership of your LLC.

Starting a new Ohio LLC has its list of “To Do’s” in order to be official, but the process is not as complicated as you might think-you just need the right guidance for smooth LLC formation. Where business owners will see the most competition is in the manufacturing and financial/professional industries. Any business with gross receipts above $4,000,000 must also pay an additional rate of 0.26% ($2,600 + 0.26%).īecause of the state’s laissez-faire approach to LLCs, Ohio is a popular location for small businesses to open shop, which means more competition for the nearly 12 million residents. Ohio business owners saw a major change in their tax dues beginning in January 2014-all businesses are required to pay their CAT (Commercial Activity Tax), which went from a flat $150 fee to a tiered scale of $150 - $2,600. An organizer (the party who prepares and files the paperwork) can be used to submit the official documents to the state in place of the actual owners. The state of Ohio does not require the LLC members/manager to be listed in the Articles of Organization. The state is home to at least 45 of the top 1,000 companies in the nation-including Kroger and Macy’s. Ohio has risen in the ranks of Forbes annual list of best states for business, up over 10 spots to break into the top 20 (specifically #15). Ranked amongst “Best States for Business” (Forbes) Ohio is also among the top ten states in gross domestic product and ranks in the top five for best tax environment in the nation. More than 250,000 LLCs are based in Ohio, with an almost 25% annual growth rate of new businesses formed. Our comprehensive guide is divided into two main phases, detailing every part of the Ohio LLC formation journey. Starting an LLC in Ohio is a process with multiple steps.

Pros and Cons of Forming an LLC in Ohio.

Follow our free guide to form an LLC in Ohio:

How much does it cost to register a business name in ohio