An LLC can be a straightforward way for a group of people to collectively benefit from certain legal protections. Filing with the state of Ohio can be done without an attorney and is not complicated. But many specific instances are not covered by the basics, and must be established in a document called an “operating agreement.
Tag Archives: LLCs
How do I terminate my business entity?
Business entities are usually established to limit liability, keep the business efficient and organize the structure of the entity. It’s fairly easy to establish a business entity in the state of Ohio, and there are essentially three requirements to effectively terminate a business entity’s existence: tell the state, complete unfinished business and tell the IRS.
Legal-Ease: Should I own that or should my business?
It’s necessary that pieces of property must have the ownership clearly outlined. This is true in LLCs (is the property owned by the LLC or the individual?) as well as in partnerships. It’s important to define which assets that a business entity owns and which assets are owned by another entity or personally.
Legal-Ease: How can I properly organize an LLC in Ohio?
LLCs, or “Limited liability companies” are often organized from small, informal family businesses. They are businesses that are established to be separate from their owners.