How Much Does Starting an Ohio LLC Cost?
Legal business registration — and keeping your business in good standing — involves some necessary expenses. Some of these costs are payable to the OH Secretary of State, while others are due to the federal or other state government entity. We’ve summarized the most common requirements and fees here.
Note that Ohio business license and permit fees might need to be paid when you first form your business, on an ongoing schedule or on an ad hoc basis. Find more details below.
Initial Ohio LLC Fees
When you first form your business, you’ll need to file as an LLC with the OH Secretary of State and pay a filing fee. Here are the current Ohio LLC fees and filing times:
When you form through Incfile, we charge you this fee and forward it to the OH Secretary of State when we file your formation paperwork.
Employer Identification Number
Every LLC should have a unique Employer Identification Number (EIN). This is provided by the Internal Revenue Service, and you use it when filing taxes, opening a business bank account and paying employees. You can get one yourself at no cost from the IRS or have Incfile obtain one on your behalf.
When you want to do business in a state other than the one where your business is based, you must create a foreign LLC.
Ohio Foreign LLC Registration
Before you can bring an arm of your business from another state into Ohio, you must request Ohio Foreign Qualification. This means the state gives you permission to conduct business there.
To request registration of an Ohio Foreign LLC, you must complete a Registration of a Foreign Limited Liability Company form and pay a filing fee of $99. The state may have additional requirements so contact the OH Secretary of State for more information.
Foreign Qualification to Operate in Another State
If you plan to expand your Ohio LLC into another state, you’ll first need Foreign Qualification or a Certificate of Authority from that state. This is necessary if you'll have a physical presence, employees or banking in that state.
This process will likely entail completing one or more applications and paying filing fees, but each state has its own requirements. Before you move forward, compare state filing times and state filing fees to be prepared. Contact the state government entity that administers business (usually the Secretary of State) to confirm their requirements and for specific instructions.
If you need assistance, Incfile provides complete Foreign Qualification service for all states.
Annual Report Requirements
Ohio does not require LLCs to file annual reports.
Ohio Business Licenses and Permits
You must ensure you have the appropriate state, federal or local business licenses to operate your LLC. Some of the associated fees only need to be paid once, while others are ongoing charges.
Permits and licenses vary based on:
The state does not require you to have an Ohio LLC Operating Agreement in place.
An Operating Agreement is a document that covers how the business will be run, how managers and members are chosen, rights and duties of members and several other key areas.
This document can be extremely helpful in making sure you’re organized and prepared for any future events that may affect your business.
Other Potential LLC Fees or Requirements in Ohio
There are several other fees or requirements that you may need to meet during the life of your LLC. These ad hoc fees will only be payable in specific circumstances, which we’ve listed below.
Reserving a Name for Your LLC
If you don’t want to form your OH business right away, you can reserve a name for 180 days with the Ohio Secretary of State for a fee of $39. First, perform an Ohio business search and learn about rules pertaining to business names to ensure the name you choose meets all state requirements.
Amending Certain Facts About Your LLC
Your business formation documents state certain facts about your Ohio business when it was originally formed. Over time, these facts might change. If they do, you need to file a Domestic Limited Liability Company Certificate of Amendment form with the OH Secretary of State and pay a $50 filing fee. You can do this yourself or have Incfile complete the filing on your behalf.
Getting an Ohio Certificate of Good Standing
Some organizations will request that you prove your LLC’s compliance with laws and tax requirements. If you need to prove that you've met your commitments, you'll need a Certificate of Good Standing from the OH Secretary of State.
The fees listed above detail many of the charges a standard LLC will be required to pay. In some unusual circumstances, there may be other one-off, periodic or ad hoc fees not listed above.
Of course, your LLC will likely need to pay self-employment, payroll, federal, state and sales taxes. More information about taxes can be found on the Ohio Business Tax page.