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Ohio is a state in the East North Central region of the Midwestern United States. Ohio is bordered by Lake Erie to the North, Pennsylvania to the East, West Virginia to the Southeast, Kentucky to the Southwest, Indiana to the West, and Michigan to the Northwest. Columbus is the state capital and the most populous city in the U.S. state of Ohio.
Ohio has a total area of 44,825 square miles (116,096 km2).
Ohio population in 2019 is estimated to be 11.69 million and it is the seventh populous state in the United States.
In Ohio, English is the official language with about 93% of the population. Spanish is the second common language with 2.2%, other languages with 4.5% of the population.
The Government of Ohio is the governmental structure as established by the Constitution of Ohio. The Government of the U.S. state of Ohio consists of the Executive, Judicial, and Legislative branches.
In 2019, the real GDP of Ohio was $54.1 billion. The GDP per capita of Ohio was $70,991 in 2019.
Aircraft engine manufacturing accounts for nearly 75% of Ohio's aerospace and defense industry workforce. Dayton is designated as the state's aerospace hub due to its high concentration of aerospace and aviation technology. Bioscience accounted for a large portion of Ohio’s economy, with about 15% output. Other sectors of the economy include: healthcare, pharmacies, education, agriculture, energy, R&D, etc.
United States Dollar (USD)
The corporate laws of Ohio are user-friendly and often adopted by other states as a standard for testing corporate laws. As a result, the corporate laws of Ohio are familiar to many lawyers both in the US and internationally. Ohio has a common law system.
One IBC supply incorporation in Ohio service with the common type Limited Liability Company (LLC) and C-Corp or S-Corp.
The use of the bank, trust, insurance, or reinsurance within the name of the LLC is generally prohibited as limited liability companies in most states are not allowed to engage in a banking or insurance business.
The name of each limited liability company as set forth in its certificate of formation: Shall contain the words "Limited Liability Company" or the abbreviation "L.L.C." or the designation "LLC";
No public register of company officers.
Just 4 simple steps are given to start a business in Ohio:
* These documents required to incorporate a company in Ohio:
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How to start a business in Ohio
There is no minimum or a maximum number of authorized shares since Ohio incorporation fees are not based on the share structure.
Only one director required
Minimum number of shareholders is one
Companies of primary interest to offshore investors are the corporation and the limited liability company (LLC). LLCs are a hybrid of a corporation and a partnership: they share the legal features of a corporation but may choose to be taxed as a corporation, partnership, or trust.
Financial statement
Ohio law requires that every business have Registered Agent in the State of Ohio who may be either an individual resident or business that is authorised to do business in the State of Ohio
Ohio, as the state-level jurisdiction within the US, has no tax treaties with non-US jurisdictions or double tax treaties with other states in the US. Rather, in the case of individual taxpayers, double taxation is minimised by providing credits against Ohio taxation for taxes paid in other states.
In the case of corporate taxpayers, double taxation is minimised through allocation and appointment rules related to the income of corporations engaged in multi-state business.
To form a corporation, the Articles of Incorporation need to be filed with the Secretary of State. The cost to file is US$ 99.
To form an Ohio LLC, file the Articles of Organization with the Secretary of State. The cost to file is US$ 99.
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Payment, Company return due date:
Ohio Filing Due Date: Business tax returns are due by April 15 — or by the 15th day of the 4th month following the end of the taxable year (for fiscal year filers).
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