Due to its adaptability, tax advantages, and limited liability protection, LLCs, or limited liability companies, are a common corporate form. However, unlike companies, LLCs don’t have stocks that are traded publicly, making it challenging to ascertain who their owners are. Don’t worry, though; in this article, we’ll explain how to do so as well as address any associated queries.
You must first conduct a company search in order to learn who the owners of an LLC are. To do this, go to the state’s Secretary of State website, where the LLC is registered. In the majority of states, LLCs must register with the Secretary of State and submit details about their owners, including names, addresses, and ownership percentages. State to state, however, may differ in the amount of information made available to the general public. While some jurisdictions would just divulge the LLC’s name and registered agent, others might divulge more specific information.
You can conduct a Google search or go to the National Association of Secretaries of State website, which contains connections to all state websites, to identify the website of the Secretary of State of the state where the LLC is registered.
How Can I Discover Who Owns an LLC? You can conduct a name or registered agent search for the LLC once you have found the Secretary of State’s website. If the LLC is active and registered, its details, including the names and addresses of its owners, should be available online. The data might not be accessible if the LLC has been dissolved or is no longer operational.
You can attempt alternative sources, such as the LLC’s operating agreement, which is a legal document that describes the company’s ownership and management structure, if the Secretary of State’s website is unable to give you the information you require. For further information, you can also try contacting the registered agent or lawyer for the LLC.
The term “doing business as” (DBA) refers to a trade name that an LLC may use to conduct business under a name other than its legal name. By submitting a Registration of Trade Name form to the Secretary of State’s office, LLCs in Ohio can register a DBA. The legal name of the LLC, the suggested trade name, and the owner’s details are required on the form. In Ohio, a DBA registration costs $39 to register.
You can look for an LLC by name or the name of its registered agent on the website of the Ohio Secretary of State to see who owns an LLC there. The LLC’s details, including the names and addresses of its owners, are provided on the website. You may need to get the information from the county clerk’s office where the LLC is situated if the LLC is not registered with the Secretary of State’s office.
Does Ohio Require That I Register My Business? You might need to register your company with the Ohio Secretary of State’s office if you intend to conduct business there. Depending on the type of business structure and the nature of the business activity, different registration requirements could apply. For instance, you must register the trade name with the Secretary of State’s office if you intend to use it to run a single proprietorship or a partnership. In order to create an LLC or a corporation, you must submit the needed paperwork to the Secretary of State’s office and acquire the relevant licenses and permits.
To sum up, it takes some study and research to determine who owns an LLC, but it’s not impossible. You can find the information you require by using the web tools and getting in touch with the registered agent or lawyer for the LLC. Check the registration requirements and adhere to the state’s business rules and regulations if you intend to conduct business in Ohio.
For taxation purposes, an LLC qualifies as a pass-through entity, which means that the business does not pay taxes on its own revenue. Instead, the LLC’s gains and losses are transferred to its individual owners, who then report them on their individual tax returns. An LLC’s owners must pay self-employment taxes, including Social Security and Medicare taxes, on their portion of the company’s profits. Furthermore, some states may impose state-level taxes or fees on LLCs.