Each state has different requirements for forming a corporation. Whether you are starting a business or incorporating a business already in existence, you’ll want to understand state requirements for Ohio incorporation.
The name must contain either the word "Company," "Corporation" or "Incorporated" or the abbreviation "Co.," "Corp." or "Inc." It must be distinguishable from the name of another domestic or foreign corporation authorized to do business in the state and from any trade name. It must not contain language implying it is connected with a government agency of the United States. Use of the words "Bank" or "Trust" requires approval from the Superintendent of Banks, and use of the word "Insurance" requires approval from the Department of Insurance.
The following are Ohio’s requirements for directors of corporations:
The document required to form a corporation in Ohio is called the Articles of Incorporation. The information required in the formation document varies by state. Ohio's requirements include:
Ohio allows professionals, such as accountants, attorneys and physicians to form a professional corporation (PC).
After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Ohio corporations.
Ohio corporations must keep the following items with their corporate records:
The following are taxation requirements and ongoing fees for Ohio corporations:
Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.
Ohio does not recognize the federal S corporation election. It requires a state-level S corporation election.
The state in which you form your company can provide certain benefits.
Start your business with confidence. We offer various incorporation packages to get your business up and running. Starting from $99 and includes 6 months FREE Registered Agent services.