LLC Reinstatement and Maintenance in Ohio
To reinstate an Ohio LLC that’s been administratively canceled for tax reasons, you’ll need to obtain a Certificate of Tax Clearance from the Ohio Department of Taxation that clears you of tax liability. Then you’ll need to submit the Certificate of Tax Clearance and the $25 filing fee to the Ohio Secretary of State.
The Ohio Revised Code doesn’t specifically address reinstatement as it pertains to LLCs. However, the Ohio Secretary of State does administratively dissolve or “cancel” LLCs for failing to appoint or maintain a statutory agent, properly file paperwork for changes to the statutory agent or office, or pay any fees or taxes required by law.
Starting and Maintaining an LLC in Ohio
The cost to start an Ohio limited liability company (LLC) is $99. This fee is paid to the Ohio Secretary of State when filing the LLC’s Articles of Organization. Ohio LLCs are one of the few that don’t have to file Annual Reports.
In addition to filing fees, Ohio has a Commercial Activity Tax that applies to most business entities including LLCs. The tax is based on gross business receipts and is calculated at marginal rates.
To file changes, like an address change, LLCs pay a $25 fee. The Ohio Secretary of State’s Office generally processes these requests within 5-7 business days.
Ohio LLCs do have to renew their registration every five years, but unlike most states, there is no annual report requirement.
Filing Procedures and General Business Requirements in Ohio
- It will cost $39 to file a name reservation application if you wish to reserve your LLC name prior to filing the Articles of Organization.
- You have the option of applying for the Articles of Organization either online or via mail.
- The business filing procedure for an LLC in Ohio may take up to 7 business days but can be expedited for additional fees.
In contrast to Ohio, every LLC in Georgia is required to pay a $50 Annual Registration Fee each year and file an annual registration with the Secretary of State. Business licenses obtained from the city or county, and special licensing for certain professions, may also be required.
Ohio requires all Professional Associations and Limited Liability Partnerships to file a biennial report every two years, and Nonprofits must file a Statement of Continued Existence every five years.
Is there an annual fee for an LLC in Ohio?
No, there is not an annual report fee for Ohio LLCs as there is no requirement to file annual reports. However, there are other periodic requirements and fees that may apply to Ohio LLCs.