Ohio C Corporation Formation
To form an Ohio C Corporation, you must file Ohio Articles of Incorporation. Once filed with the Secretary of State's office, you are a C Corporation; as the "C" classification is the default tax classification, nothing further needs to be done to obtain the "C" status from the IRS.
Steps to Forming an Ohio C Corporation
The following information must be provided in your Articles of Incorporation:
- Corporation Name: This should be provided exactly as you wish it to be legally recorded. ClickandInc.com can perform a business name search for you to avoid potential rejections.
- Location: City and County.
- Purpose (optional): Provide the purpose for which the corporation is formed.
- Number of Shares Authorized: This number cannot be 0.
- Directors (optional): The name and address of the initial Board of Directors should be provided.
Along with the Ohio Articles if Incorporation, you must submit an Original Appointment of Statutory Agent form. This form should be signed by the Statutory Agent, who must have a physical address in Ohio.
Further Responsibilities of an Ohio C Corporation
If you need to change any part of your Articles of Incorporation after filing, Click and Inc can do an Article Amendment for you, ensuring that the state has up-to-date information for your business at all times.
Additional Information about an Ohio C Corporation
Your C Corporation:
- Can sell stock and raise capital
- May deduct the cost of benefits provided to employers (such as parking permits, health insurance, and so on)
- Has a board of directors, which oversees the policies of the corporation
- Issues limited liability for owners
- Can be owned by non-US citizens or non-resident aliens
- Can own other business entities
- Can be owned by other business entities
- Is taxed separately from the owners’ income
Shareholders of a C Corporation cannot be held liable in a judgment against the corporation for an amount greater than the amount of stock they hold. (This does not include any personal liabilities, such as fraud, failure to pay taxes, and so on.)
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Other Types of Businesses in Ohio
For information on other types of businesses in Ohio, please explore the links below.