One of the initial actions you’ll need to take if you’re launching a business in Ohio is reserving a distinctive business name with the Ohio Secretary of State. By doing this, you can make sure that name won’t be used by anybody else and that you’ll be allowed to use it after your company is formally registered. How to reserve a business name in Ohio is as follows:
1. Pick a name: The first step is to select a name that is original and hasn’t been taken by another company in Ohio. On the website of the Ohio Secretary of State, you may determine whether a name is available.
2. Submit an application: After deciding on a name, you must submit an application to the Secretary of State of Ohio. This can be done by mail or online. There is a $39 application fee. Along with the name you want to reserve, you must also submit your name, address, and phone number.
3. Await approval: The Ohio Secretary of State normally takes 7 to 10 business days to authorize a business name reservation. Your name will be held for 180 days once it is approved. 4. Register your firm: After reserving your company name, you must file a business registration with the Ohio Secretary of State. You can also send this by mail or online. The cost of registration is $99. You’ll need to give details about your company, including its ownership, structure, and goals. What Is the Time Frame for Ohio Business Registration? The length of time it takes to register a business in Ohio varies on a number of variables, including the type of business you’re beginning and how quickly you can compile the required paperwork. In Ohio, registering a business typically takes a few days to a few weeks. Does Ohio Require Me to Register My Sole Proprietorship?
You are not required to register with the Ohio Secretary of State if you run a sole proprietorship in Ohio. Nevertheless, depending on the kind of business you’re doing, you might need to acquire licenses or permissions. Is it possible to register a business name without using it?
What Benefits Can a Sole Proprietorship Offer?
The ease and low cost of starting a sole proprietorship is one of its key benefits. To get started, you don’t need to pay any fees or submit any documentation to the state. You also get to keep all of the profits from your company and have total control over it. Unlimited personal liability for business debts and commitments is one of the drawbacks, though.