Leading S-Corp Formation Services in Ohio

The first step for starting an S-Corp in Ohio is to select a relevant and unique business name and check for its availability in the state database. This is to ensure that no other business is using your chosen business name in the state.

You can easily check business name availability using the search tool on Inc Authority’s website. Simply enter the name and it will scour the database for matches and let you know if any other business is using your selected name.

For starting any type of business in Ohio, you should hire a trusted registered agent with a physical address in the state. The agent should be available during business hours to receive legal correspondence on behalf of your business.

While you can choose to be your own registered agent, it is an unnecessary hassle that restricts you to be present at the official address on all working days. Instead, choose the registered agent service by Inc Authority, which is free for the 1st year.

Before you can form an S-Corp in Ohio, you need to form either a C-Corp or an LLC. In either case, you need to lay down the rules of how you’ll operate the business, settle disputes, share profits, and make strategic decisions.

LLC operating agreements and corporate bylaws are documents that are used by businesses to lay down these rules of governance. Inc Authority’s paid plans come with the option to help you draft these documents in detail.

Next in this guide to starting an S-Corp in Ohio is the step where you legally register your Ohio Corporation or Limited Liability Company with the secretary of state. This is necessary to establish your business legally.

You’ll need to submit an application for registering your business and getting a certificate of formation. You can submit the application via fax or mail, or by submitting an online application. Inc Authority can help with the entire process.

Even after you register your business, you need to get an employer identification number to actually run your business. An EIN is necessary for a lot of business activities like paying salaries, filing tax returns, opening a bank account, etc.

With Inc Authority’s paid plans you’ll get this service. Experts at Inc Authority will prepare and submit your application and ensure that it gets processed quickly. With their help, you can get an EIN/Tax ID quickly and start operations in no time.

Lastly, to form an S-Corp in Ohio, you need to file the federal S-election Form 2553, which will give you the S-Corp tax designation. Inc Authority can help you prepare and file the form and get your business the S-Corp tax status.

Please note that Ohio also offers a state-level S-election using Form FT-1120-S. You need to submit this form every year in which you want to be treated as an S-Corp, between 1st January and 31st March.

Here are the features you’ll get with this plan:

• • Business name search
  • 1-year registered agent service
  • Digital document storage
  • Tax advisory
  • LLC or Corporation formation
  • S-Corp election and filing
  • Business funding analysis

Price: Free

This plan offers all the features of the free plan, along with the following:

• • LLC operating agreement/corporate bylaws
  • Initial meeting minutes & resolutions
  • Ownership or stock certificates
  • Employer identification number
  • Corporate forms and documents package
  • Annual compliance notifications
  • Detailed tax consultation
  • Web domain + 5 business email addresses

Price: Custom

The Fasttrack plan offers all the features of the Starter plan, along with the following additional services/features:

• • Dedicated customer success advisor
  • Private banking specialist
  • Personalized business advisory services
  • Expedited preparation & filing

Price: Custom