If you’re considering forming an LLC in Ohio, you might be asking if there are any recurring costs. The good news is that there is no annual LLC cost in Ohio. You should be aware of other payments, though, like the filing fee, name reservation fee, and biannual report price.
In order to form an LLC in Ohio, you must designate a registered agent. A registered agent is a person or organization chosen by the LLC to receive official correspondence and other necessary papers. The representative must be accessible during regular business hours and have a physical address in Ohio.
If you don’t have a physical address but are forming an LLC in Ohio, you might be asking if you can use a P.O. Box. A P.O. Box cannot be used as your registered agent address, regrettably. A actual street address is required. This is due to the requirement that the registered agent be accessible to receive crucial communications and legal documents during regular business hours.
Let’s now discuss the procedures you must follow in order to form an LLC in Ohio. You must first decide on a name for your LLC. The name must be original and unclaimed by another Ohio company. On the Ohio Secretary of State’s website, you can see if the name you want is available.
Articles of Organization must then be submitted to the Ohio Secretary of State’s office. The name, address, and registered agent of your LLC are all listed in this document. The cost of submitting the articles of organization is $99.
After establishing your LLC, you must submit a biannual report every two years. The report contains up-to-date details on your LLC, including the members’ and managers’ names and addresses. The biennial report must be filed for a charge of $50.
Let’s finally discuss the dangers associated with becoming a registered agent. You must be accessible during regular business hours to accept legal documents and other necessary communications if you choose to act as the registered agent. This implies that you could be served with legal papers at any time, including lawsuits. If you can’t accept these documents, you risk missing crucial deadlines or losing the case automatically.
In conclusion, despite the fact that LLCs in Ohio are exempt from annual fees, you still need to be mindful of other costs and restrictions. The filing of articles of organization, a biennial report every two years, and the designation of a registered agent with a physical address in Ohio are all requirements. Know the dangers before appointing yourself as the registered agent.
Yes, a registered agent is necessary for every LLC in Ohio. Tax forms, official correspondence from the government, and notices of legal action must all be delivered to the LLC’s registered agent. The registered agent must be accessible to receive these documents during regular business hours and have a physical location in Ohio. A person who lives in Ohio or a company with permission to conduct business there can serve as the registered agent.
No, an LLC’s registered office address in Ohio cannot be a PO box. Legal documents must be able to be delivered to the registered office at a physical street address within the state during regular business hours.