Below you'll find a list of all posts that have been tagged as “Ohio LLC”
It is possible to change to an LLC or Corporation in Ohio. If a business is currently operating as a sole proprietorship or partnership, we can create an Ohio corporation or LLC. The assets would then need to be consolidated and transferred to the new entity. It is important to note, there are intellectual property and tax considerations that would …
Forming an Ohio LLC or Corporation: Why is it necessary? from Elliott Stapleton on Vimeo. A business owner who forms an LLC or corporation has limited personal liability in the business. This means that if someone were to sue the business, the individual suing could only recover against the business assets, not the owner’s personal assets. This is the primary …
To form an Ohio limited liability company, a separate legal entity must be created. This formation is necessary to secure the limitation of liability for the members’ personal assets from the liabilities of the business. The separate entity is created by first registering the Articles of Organization with the Ohio Secretary of State, making the necessary tax filing, receiving any …
The first step in forming an Ohio business is deciding what legal entity to use. Generally, business entities include: corporations, limited liability companies, partnerships and sole proprietorships. Which entity is best? Sole proprietorships and partnerships are the easiest to form, but are almost never recommended. Except in isolated circumstances, these entities offer no personal liability protection. Without personal liability protections, …
The purpose of a limited liability company (also known as an LLC) or corporation (also known as an S-corp or C-corp) is to limit your personal risk. With a properly formed LLC or corporation, you can protect your personal assets from creditors of the business. Without a properly formed entity, your personal assets are at risk to every liability of …
