Ohio LLC Cost: A Comprehensive Guide

When it comes to forming a Limited Liability Company (LLC) in Ohio, one of the most important considerations is the cost. The cost of forming an LLC in Ohio can vary depending on several factors, including the type of business, the number of owners, and the level of complexity. In this article, we will explore the costs associated with forming an LLC in Ohio and provide a comprehensive guide to help you navigate the process.

One of the first costs to consider when forming an LLC in Ohio is the filing fee. The Ohio Secretary of State charges a filing fee of $125 for the initial filing of an LLC. This fee is non-refundable and must be paid in full at the time of filing.

Another cost to consider is the cost of registering the LLC with the Ohio Secretary of State. This process typically involves filing articles of organization, which can be done online or by mail. The cost of registering an LLC with the Ohio Secretary of State is $125.

In addition to the filing fee and registration fee, there are other costs associated with forming an LLC in Ohio. These costs can include:

• The cost of preparing and filing articles of organization, which can range from $100 to $500.
• The cost of obtaining an EIN (Employer Identification Number) from the IRS, which is free.
• The cost of obtaining a business license from the city or county where the LLC will be doing business, which can range from $50 to $500.
• The cost of obtaining insurance, which can range from $500 to $5,000 per year.
• The cost of hiring a lawyer or accountant to help with the formation process, which can range from $500 to $5,000.

It's also important to note that the cost of forming an LLC in Ohio can vary depending on the type of business and the level of complexity. For example, a simple LLC with a single owner may cost less than a complex LLC with multiple owners and multiple business activities.

In conclusion, the cost of forming an LLC in Ohio can vary depending on several factors, including the type of business, the number of owners, and the level of complexity. By understanding the costs associated with forming an LLC in Ohio, you can better plan and budget for the process.