How much does it cost to form an LLC in Ohio?
Learn about the costs associated with forming an LLC in Ohio, including filing fees, attorney fees, and other expenses.
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What is the cost of forming an LLC in Ohio?
In Ohio, forming a Limited Liability Company (LLC) is a popular business structure for entrepreneurs and small business owners. But how much does it cost to form an LLC in Ohio? In this article, we'll break down the costs associated with forming an LLC in Ohio, including the filing fees, attorney fees, and other expenses.
What are the filing fees for forming an LLC in Ohio?
The first step in forming an LLC in Ohio is to file articles of organization with the Ohio Secretary of State. The filing fee for this is $125. Additionally, you'll need to pay a $50 fee for the certificate of formation.
What is the cost of obtaining an EIN in Ohio?
You'll also need to obtain an EIN (Employer Identification Number) from the IRS, which is free.
What is the cost of obtaining a business license in Ohio?
You'll also need to obtain a business license from the city or county where your business is located, which can range from $50 to $500.
What are the attorney fees for forming an LLC in Ohio?
Attorney fees can vary depending on the complexity of your business and the level of service you require. However, you can expect to pay anywhere from $500 to $5,000 for an attorney to handle the formation process.
What are the other expenses to consider when forming an LLC in Ohio?
Other expenses to consider include the cost of a registered agent, which can range from $100 to $500 per year. You'll also need to pay for any necessary permits or licenses, which can vary depending on your industry and location.
How much does it cost to form an LLC in Ohio in total?
In total, the cost of forming an LLC in Ohio can range from $1,500 to $10,000 or more, depending on the complexity of your business and the level of service you require.
Is it necessary to consult with an attorney or accountant when forming an LLC in Ohio?
It's important to note that these costs are estimates and may vary depending on your specific situation. We recommend consulting with an attorney or accountant to get a more accurate estimate of the costs involved in forming an LLC in Ohio.
What are the benefits of forming an LLC in Ohio?
In conclusion, forming an LLC in Ohio can be a complex and expensive process. However, by understanding the costs involved and planning ahead, you can minimize the financial burden and ensure a successful business venture.
