This is called a dba, or “doing business as” name or assumed trading name, and needs a separate DBA certificate. Many people register an “official name” and trade under a different name. This may seem obvious, but if you check the Ohio Secretary of State website and see that your chosen business name is available, that is all well and good, but that doesn’t mean someone else is not using that same or similar name, particularly in another state. Step 3 – Make sure your name is not being used by another company On the flip side, owners of sole proprietorships or partnerships face unlimited liability for both business and personal assets. Incorporated Company: Corporations offer personal asset protection and your company can own property, vehicles, incur liabilities, and is responsible for its own debts and can conduct business without the owners risking their personal assets such as their homes, cars, personal savings, retirement, etc.
#State of ohio business license search registration
Limited Liability Company: This is often the best route for most entrepreneurs because the structure comes with personal asset protection, no double taxation, is fairly easy to maintain, and does not have high registration or annual renewal costs.Here is a quick rundown of the various options and what they might mean to you: If you are keeping things really small and simple (one or two people), then you may consider a sole proprietorship or a general partnership.Įven if you plan to be a solopreneur, it still might be more beneficial for you to register an LLC to make sure, as the owner, you have limited liability under this structure, and so you can benefit from the pass-through tax advantages. You need to choose the right type of business to register and the most common options are a limited liability company (LLC) or an incorporated company (Inc.). Before doing this, you must decide on the right structure. Once you have established your name is available you can register a business name in Ohio directly on their website or use an online registration service to do this for you. A business registration company can do this research on your behalf or alternatively, you can search directly on Ohio’s Secretary of State website. Hire an attorney or accountant to file and register your new company – there are higher fees associated with this.įirstly, you must determine that your business name is unique and not being used by someone else. Pay a document filing company that can register everything online for you – there is a modest fee for this. Do it yourself directly on their website. The Ohio Secretary of State makes it relatively easy to register your business name. How to Register a Business in Ohio – 7 Easy Steps Not only is Ohio business-friendly, but it also boasts some great weather, breathtaking landscapes, a comparatively low cost of living, and brilliantly unique culture. The state is business-friendly, to say the least, meaning that for a small capital outlay you can get your new business started and registered in Ohio conveniently, and cost-efficiently. With fairly low business licensing fees, manageable business taxes which allow breathing room for businesses, very low progressive income tax rates, and some of the least expensive registration fees, it is no wonder why so many people register a business in Ohio and start their entrepreneurial journey. Ohio’s support for small businesses is evident in its approach to encouraging new businesses to register in the state. Ohio entrepreneurs can expect a ringing endorsement from their local communities for opening up shop in the state. There are many different support systems in place in Ohio to help entrepreneurs and those with existing businesses grow and flourish in their community, throughout the state, nationally, and even internationally. If you want to start your own company, registering a business in the state is relatively straightforward due to the state’s efficient and consistent support for new businesses and the business community as a whole. Ohio has experienced some previous challenges over the years, but most recently it has been ranked as one of the top 10 locations for business in the U.S.
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