If you are thinking about forming a business in Ohio, it is important to understand the different types of business structures and how they could affect your company. Choosing a business structure can be complicated, and it is important to work with an experienced Ohio business formation attorney as you form your business.
The type of business structure you choose will affect your business in many different ways. The type of business impacts the amount of tax you will pay and how you will be responsible for it, and it also impacts how individual owners bear responsibility for the business itself. The U.S. Small Business Administration (SBA) explains that you must choose a business structure before you can register your business, get your tax ID number, file for any necessary licenses or permits, and pay employees. The following are the most common types of business structures for individuals forming a business:
While you may be able to convert your business structure, you should not plan on doing so given that there could be significant financial and tax implications for you and your company.
At Weisensell, Mastrantonio & Niese, LLP, we can provide many different services throughout the process of forming your business, including but not limited to the following:
Once you have formed your business, our firm can continue representing your business in a variety of ways, such as drafting and reviewing employment contracts and handling commercial litigation matters.
Many people who form a business want to trademark their company’s name. By trademarking your business name, you can ensure that no one else can use the name or profit from it. What is involved in trademarking your business name? There are a few steps you will need to take in order to register your trademark:
When you fill out the registration application, you will need to provide information about your business, including the types of goods or services your business provides, when the trademark first was used, and whether there is a specific design that accompanies your business’s trademark.
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