Legal-Ease: Numbers, numbers and business numbers

Similar to today’s technology requiring the memorization of a lot of different numbers and passwords, businesses also require an array of numbers and passcodes.

As part of the filing of an LLC, the Secretary of State assigns a document number to identify the actual, filed articles. The Secretary of State also assigns a business its charter number, which helps identify the organization. And usually following an entity’s establishment, a business will get an employer/tax identification number, also called an EIN.

One of the most challenging downsides of our current technologically advanced society is the quantity of numbers and passwords we are required to use. Most of us have a Social Security number, and that number is different than our phone’s passcode, which is different from our ATM code and which is also different from our Netflix login.

Of course, businesses typically use several other numbers and passcodes. This column explains the most common business numbers used in Ohio.

Read more about business numbers in Lee’s article in the Lima News here: Legal-Ease: Numbers, numbers and business numbers

Source: LimaOhio.com, “Legal-Ease: Numbers, numbers and business numbers,” by Lee R. Schroeder, October 19, 2019

Lee R. Schroeder is an Ohio licensed attorney at Schroeder Law LLC in Putnam County. He limits his practice to business, real estate, estate planning and agriculture issues in northwest Ohio. He can be reached at [email protected] or at 419-659-2058. This article is not intended to serve as legal advice, and specific advice should be sought from the licensed attorney of your choice based upon the specific facts and circumstances that you face.

Posted in Business Law.