The midwestern state of Ohio is one of the best places in the U.S. to start a business. In 2010, the state was named the second-best place in the country to start a business by Site Selection magazine. Its economy is in the top 10 wealthiest in the U.S., making it an economic powerhouse.
Ohio also boasts a business-friendly tax system and has many policies aimed at helping small businesses. Major industries in the state include finance, manufacturing, biotechnology, trade, transportation, healthcare and education.
If you want to start your own business in Ohio, one of the best ways to do so is by forming an LLC. Limited Liability Companies (LLCs) are a business entity designed for startups and small- and medium-sized businesses. Ohio makes forming an LLC easy and inexpensive.
LLCs are great for small and medium businesses because they give you many of the protections and advantages of larger corporations — without all the rules, regulations and compliance issues common to larger business entities. Let’s start by looking at the advantages of forming an Ohio LLC.
Ohio LLCs have several benefits for business owners.
An Ohio LLC must have a designated street address. That could be your home address (if you’re running the company from your residence), where your office is located or any physical address of your preference — even outside of Ohio. It can also be a P.O. Box.
Every LLC must have a “registered agent,” known in Ohio as a “Statutory Agent.” That could be you, the managing director, owner or a dedicated registered agent service. The registered agent in Ohio is someone who receives official legal and tax correspondence and has responsibility for filing reports with the Ohio Secretary of State.
At Incfile, all of our packages include a Registered Agent service that is free for the first year and just $99 per year thereafter. We also have a dashboard where you can log in and easily view any document your registered agent has received on your behalf. Here are a few reasons you might want to appoint Incfile as their registered agent service.
Your Ohio LLC details must be included on the document you will file with the Secretary of State. These details include name, office location, shares, capital and signatures.
Once you've gathered all the information together for your LLC, you’ll need to file formal documents with the Ohio Secretary of State. Filing Articles of Incorporation creates your Ohio LLC. You can do this online, mail in a form or have Incfile do it on your behalf.
Ohio LLCs aren’t required to have an Operating Agreement, but they are extremely useful for several reasons. Your Operating Agreement covers how the business will be run, how managers and members are chosen, rights and duties of members and several other key areas. Learn how to create your Operating Agreement.
If you’re interested in having your Operating Agreement created for you, Incfile will draft a general Operating Agreement within most of our online business formation packages. It can also be selected as an add-on option in our Silver package. This Operating Agreement will be a basic template that you can make changes to anytime you see fit.
You can find lots more useful information on how to form an LLC here. It answers questions like:
Incfile provides a cost-effective service to help you create your LLC. We guide you through the process and handle most of the administrative steps on your behalf, such as filing the Articles of Incorporation. Our basic package also provides a free Registered Agent service for the first year. If you're looking for help to start an LLC, our comprehensive services provide outstanding value.
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|State Fee||State Filing Time||Expedited Filing Time|
|$99||3 Weeks||7 Business Days|
This report is mandatory and must be filed within the specified time frame in order for the entity to remain in good standing with the state. Failure to file this report can lead to the company being revoked or administratively dissolved.
Frequency:Ohio LLC's are currently not required to file annual reports.
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Personalized Operating Agreement
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