How much does it cost to start an LLC in Ohio?

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How much does it cost to form an LLC in Ohio? The Ohio Secretary of State charges a $99 fee to file the Articles of Organization. It will cost $39 to file a name reservation application if you wish to reserve your LLC name prior to filing the Articles of Organization.

How do I form an LLC for free in Ohio?

Forming an LLC in Ohio

  1. Step 1: Choose a name for your LLC.
  2. Step 2: Appoint a statutory agent.
  3. Step 3: Check if you need an Ohio business license.
  4. Step 4: File articles of organization.
  5. Step 5: Draft an LLC operating agreement.
  6. Step 6: Comply with employer obligations.
  7. Step 7: Pay Ohio business taxes.

How do I set up a single member LLC in Ohio?

You create an Ohio SMLLC by filing Articles of Organization with the Ohio Secretary of State. To complete the articles you’ll need to provide the official name of your new SMLLC, the name and address of the SMLLC’s statutory agent, the agent’s signature accepting appointment, and a few other basic details.

How long does it take to form an LLC in Ohio?

You can get an LLC in Ohio in 2-3 business days if you file online (or 2-3 weeks if you file by mail). If you need your Ohio LLC faster, you can pay for expedited processing.

Do you have to pay for LLC Every year in Ohio?

The minimum tax amount is $150. If you owe this tax, you must register with the Ohio Department of Taxation (DOT) by filing Form CAT 1 or registering online through the Ohio Business Gateway (OBG). Once registered, you should receive information about how often you need to file returns (quarterly or annually).

How do I get an EIN number in Ohio?

You may apply for an EIN online if your principal business is located in the United States or U.S. Territories. The person applying online must have a valid Taxpayer Identification Number (SSN, ITIN, EIN). You are limited to one EIN per responsible party per day.

What are the 2 main advantages of having an LLC?

Advantages of an LLC

  • Run Your Own Show. Entrepreneurs are self-starters who prefer to chart their own courses.
  • Limit Your Personal Liability.
  • Avoid Double Taxation and Pass-Through Deduction.
  • Less Administrative Hassles and Paperwork.
  • Flexibility in Sharing Profits.