Once you have successfully formed your limited liability company, it is important that you are aware of the steps you need to take to keep your company in good standing with the Secretary of State and avoid personal liability if legal action is taken against your company. There are several things to be aware of: Operating Agreements and Membership Certificates …
What is an Ohio Corporation?
A corporation may be formed for any profit business or a nonprofit/social organization. Individuals who own shares in a corporation are called shareholders. A corporation can take two forms, depending on your tax election: 1) C-corporation or 2) S-corporation. To qualify as an S corporation, the corporation’s shares must be limited in number and must be held by resident citizens …