A limited liability company (LLC) is a business entity which combines elements of partnership and corporate structures, and may be formed in Ohio for a profit or nonprofit purpose. An LLC protects the members of the LLC from individual legal liability. It is formed by filing paperwork with the Ohio Secretary of State's Office. This introductory page provides the law of LLCs in Ohio. Please refer to the Setting up an LLC page of this guide, for links to forms for setting up an LLC and to the Taxation of LLCs page of this for information on how LLC are taxed.
Selected sections of Chapter 1706