Ohio LLC Cost: A Comprehensive Guide to Filing Fees and Requirements

Forming a Limited Liability Company (LLC) in Ohio can be a great way to protect your personal assets and establish a separate business entity. However, one of the most common questions entrepreneurs and small business owners ask is: how much does it cost to form an LLC in Ohio?

The cost of forming an LLC in Ohio can vary depending on several factors, including the type of LLC, the filing method, and the level of service required. In this article, we will break down the costs associated with forming an LLC in Ohio and provide a comprehensive guide to help you understand the requirements and fees involved.

Ohio LLC Filing Fees

The Ohio Secretary of State charges a filing fee for LLCs, which is currently $99 for online filings and $125 for paper filings. This fee is non-refundable and must be paid at the time of filing.

Ohio LLC Name Reservation Fee

If you want to reserve a name for your LLC before filing, you will need to pay a name reservation fee of $39. This fee is also non-refundable and must be paid at the time of reservation.

Ohio LLC Annual Report Fee

Once your LLC is formed, you will need to file an annual report with the Ohio Secretary of State. The annual report fee is currently $25, and it must be filed by the end of the anniversary month of your LLC's formation.

Ohio LLC Registered Agent Fee

You will need to appoint a registered agent for your LLC, who will receive important documents and notices on your behalf. The cost of a registered agent service can vary depending on the provider, but it typically ranges from $50 to $300 per year.

Ohio LLC Operating Agreement Fee

An operating agreement is a document that outlines the ownership and management structure of your LLC. While it is not required by the state, it is highly recommended to have an operating agreement in place. The cost of an operating agreement can vary depending on the provider, but it typically ranges from $100 to $500.

Ohio LLC Business License Fees

Depending on the type of business you operate, you may need to obtain additional licenses and permits from the state or local government. These fees can vary widely depending on the type of business and the location.

Ohio LLC Tax Obligations

As an LLC, you will be required to pay taxes on your business income. The tax obligations of an LLC in Ohio are similar to those of a sole proprietorship or partnership, and you will need to file a personal tax return (Form 1040) and a business tax return (Form 1120). You may also need to pay self-employment taxes on your business income.

Ohio LLC Formation Costs

The total cost of forming an LLC in Ohio can vary depending on the level of service required and the filing method. Here are some estimated costs associated with forming an LLC in Ohio:

• Online filing: $99 (filing fee) + $39 (name reservation fee) = $138

• Paper filing: $125 (filing fee) + $39 (name reservation fee) = $164

• Registered agent service: $50 to $300 per year

• Operating agreement: $100 to $500

• Business licenses and permits: varies widely depending on the type of business and location

• Taxes: varies widely depending on the type of business and income

Conclusion

Forming an LLC in Ohio can be a great way to protect your personal assets and establish a separate business entity. However, the cost of forming an LLC in Ohio can vary depending on several factors, including the type of LLC, the filing method, and the level of service required. By understanding the costs and requirements involved, you can make an informed decision about forming an LLC in Ohio.