![]() ![]() This is accurate as far as it goes, but does not provide much hard information. A limited liability company may be formed as a nonprofit or for-profit business type.” ![]() What is an LLC and how limited is its Limited Liability?Īs described by the Ohio Secretary of State online, a limited liability company is “a form of business organization characterized by limited liability, management by members or managers, and limitations on the transferability of ownership interest. Often these steps should be addressed by counsel and an accountant to address business plans to enhance the chance of the business’s success. However, filing is only a start, and while it can be and is often done without counsel, there are preparatory steps that should precede the filing, and steps that should coincide and follow up filing. The form for creating the organization looks simple, and it is. The form to file is provided by the Ohio Secretary of State is the only form permitted to be filed to create the company. The State of Ohio charges a small fee to file the company, and it provides the form for the creation of the company. These companies are formed in Ohio by filing “Articles of Organization” for a Limited Liability Company” with the Ohio Secretary of State. Limited Liability Companies (LLC) in Westerville & Columbus, OhioĪ popular form of doing business in various parts of the world is a Limited Liability Company or LLC for short.
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