Below you'll find a list of all posts that have been tagged as “partnerships”
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 …
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, …
