Who owns llc in ohio

The search will also find variations such as:. The search results show the entire name as entered on the records even though the names are stored in a formatted system. The database uses an indexing system for several commonly used words, symbols and punctuation marks referred to as "stop words". Stop words are not indexed in the search tool.

This means that the system acts as if these words are stripped out and can't be used in the search. Such words as "corporation"; "but"; "company" and "limited" are included. There following is a complete list of stop words. Wild Cards allow for broader search results. It can be used for Name Availability searches or whenever you are unsure of the exact name of the business entity you are searching for. The underscore character will match any single character that you enter it for.

Partnership : A partnership is the easiest entity to form, because it has no formal requirements for formation. However, if you have a business with multiple partners, it is strongly recommended that you have a written partnership agreement.

Sole Proprietorship : Like a partnership, a sole proprietorship has no formal requirements for formation. An operating agreement is essential, but not required by statute.

Corporation : A corporation is formed by filing Article of Incorporation and an appointment of a statutory agent with the Ohio Secretary of State as well as by actions of the incorporator s , shareholder s and director s.

A Code of Regulations and Share Certificates are also required for formation. Partnership : Like the formation requirements of a partnership, there are no statutory continuing requirements, but it is strongly recommended that you have a written partnership agreement.

Unless otherwise provided in a partnership agreement, the partnership will be dissolved by the death or bankruptcy of a partner. Sole Proprietorship : Like a partnership, there are no continuing requirements contained in Ohio law for sole proprietorships. A sole proprietorship is extremely flexible, but dissolves upon the death of the owner. Ohio Registered Agent. How to Name a Business in Ohio. Ohio Business Search. How to Register a Business Name in Ohio.

Ohio Business License. Ohio Labor Law Posters. Ohio Articles of Organization. Follow Ohio Naming Guidelines We recommend making sure your business name meets guidelines before completing your business name search. Restricted words e. Bank, Attorney, University may require additional paperwork and a licensed individual, such as a doctor or lawyer, to be part of your LLC. For more information, check out the Ohio Secretary of State website. Search Available Domain Names Another important consideration to make when selecting a business name is whether or not your desired web domain name is available.

Members get limited personal liability for business debts and lawsuits. LLCs have fewer reporting and recordkeeping requirements than corporations. LLCs avoid double taxation of C-corporations. LLCs can elect whether to be taxed as a pass-through entity or corporation. LLC owners often pay higher self-employment taxes than corporate shareholders. When evaluating the pros and cons, make sure you consider all types of business structures. A version of this article was first published on Fundera, a subsidiary of NerdWallet.

Benefits and drawbacks of forming an LLC in Ohio. Forming an LLC in Ohio. Step 1: Choose a name for your LLC. Back to top. Step 2: Appoint a statutory agent. Step 3: Check if you need an Ohio business license. Step 4: File articles of organization. LLC name. Optional Purpose of the LLC. Step 5: Draft an LLC operating agreement. Process for admitting new members. Dissolution procedures. Step 6: Comply with employer obligations. Step 7: Pay Ohio business taxes.

Step 8: Comply with federal requirements.