| OHIO |
| Name |
Must contain words Incorporated, Corporation, Company, Inc., Corp., Co., Limited Liability Company, Limited, Ltd., L.L.C., LLC. Fictitious name filing fee is $20. |
| Information about Directors and Officers |
Company must have at least three Directors. If the Corporation has fewer than three shareholders, number of directors may be equal to or greater than number of shareholders. One director can hold all officer positions. 18 years of age or older and no residence requirements. It is not required to list Directors and Officers in the Articles of Incorporation. |
| Requirements for address |
Home address can be considered as company address. P.O. Box is not admissible. |
| Registered Agent |
You must have an office or street address in Ohio. You do not need an Ohio Registered agent. |
| Shares/Stock information |
You can authorize up to 1,000 shares and incur the minimum fee of $125. An increase in the shares may cause an increase in the initial filing fee. |
| Annual statement |
A domestic Corporation incorporated on or after January 1, 1993 must file its first Statement of Continued Existence on or before July 1 of the year following its year of incorporation and each July 1 thereafter. A filing fee of $5 will be charged. |
| State fees |
$125 filing fees based on the minimum authorized shares. |
| Income tax rate |
5.1% of taxable income. The tax rate is the greater of $50, or: (1) 5.1 percent of the first $50,000 of the value of a taxpayer's outstanding shares of stock determined according to net income plus 8.5% of the value over $50.000; or (2) 0.004 times the value of the taxpayer's total value of capital, surplus, undivided profits, and reserves. |
| Franchise tax |
0.11% of the first $50,000 of the value of the Corporation's issued and outstanding shares of stock determined according to net income and 8.5% plus an additional corporate franchise tax of 0.22% of the excess over $50.000; or if higher: 4 mills plus an additional corporate franchise tax of 0.14 mill of the value of the Corporation's issued and outstanding shares of stock. Minimum tax is $50. This tax will be deducted from Income Tax. |
| License requirements |
Certain types of businesses must obtain a license and pay a fee if operating in the State. Check with the State to make sure your business is complying with the license requirements for your particular profession. |
| Corporate records |
The Corporation must kept books and records and readily available for inspection, no location is required. |
