An attorney is typically not required when starting a business. A business filing service such as Swyft Filings can help you streamline the formation process, and save you a great deal of time, effort, and money. However, if you are unsure of which business structure may be right for you, or you have questions regarding specific tax or organizational issues, it may be advisable to speak with an attorney or accountant before starting a new business.
Images of approved filings are available for on-line viewing. If an image is in the database it can be viewed by clicking the "Download Image" link on the business details page. Search the on-line inquiries to find the exact Business that interests you, then click on each document link to have the associated image displayed. Images are displayed in PDF format. (Click here for free download of Adobe Acrobat PDF Viewer.) You can choose to download an image to your PC by right clicking on the document link, choosing 'Save Target As' from the shortcut menu and selecting the directory where you want to save the image.Images that have not yet been added to our database can be obtained by contacting the Ohio Secretary of State toll free at 1-877-SOS-FILE or by sending an e-mail request to BUSSERV@OHIOSECRETARYOFSTATE.GOV
Filing a limited liability company separates your personal assets from those of your business. This prevents you from being financially responsible for debts and liabilities of your business. Even though members are still liable, that liability is limited to the extent of their investments in the business. If, for instance, your company is involved in a lawsuit, the assets of the LLC itself could be in jeopardy, while the personal assets of the members/owners would be protected.
A business entity is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability companies and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province. Some of these types are listed below, by country. For guidance, approximate equivalents in the company law of English-speaking countries are given in most cases, for example:
Agent Name- The name of the current primary contact for this business. It is the 'statutory agent name' for Corporations, Limited Partnerships, Limited Liability Companies, Business Trusts, Real Estate Trusts and Limited Liability Partnerships. It is the 'registrant name' for Trade Names, Trade Marks, Service Marks, Fictitious Names and Marks of Ownership.
Limited liability companies can claim deductions but not tax-exempt status. S-Corps can claim deductions but not tax-exempt status. C-Corporations are not tax-exempt entities Not only are donations to Non-Profits tax-exempt, but NPOs can themselves apply for tax-exempt status. Sole Proprietorships are the least official business entity and cannot claim tax exemption.
Outside of the normal statement filing season, you may fill out a Statement of Change form with the date you went out of business, the status and disposition of any equipment owned or used by you at the time the business closed. If any of the property was sold to another person or business, please indicate the buyer's name and address. Make sure to identify any property that reverted to your own personal use as household personal property.