Ohio Articles of Organization: A Comprehensive Guide
The Ohio Articles of Organization is a crucial document for any business entity looking to establish its presence in the state of Ohio. This legal document outlines the basic structure and purpose of the organization, ensuring that all necessary information is properly recorded and documented. In this article, we will delve into the importance of the Ohio Articles of Organization, its key components, and the process of filing it with the Ohio Secretary of State.
Understanding the Ohio Articles of Organization
The Ohio Articles of Organization is a legal document that serves as the foundation for the formation of a limited liability company (LLC) in Ohio. It provides essential information about the company, such as its name, address, purpose, and the names and addresses of its members or managers. By filing this document, a business entity officially becomes a legally recognized entity in the state of Ohio.
Key Components of the Ohio Articles of Organization
1. Name of the LLC: The first component of the Ohio Articles of Organization is the name of the LLC. It must be unique and distinguishable from other business entities in Ohio.
2. Address of the LLC: The LLC must provide its principal place of business address in Ohio. This address should be a physical location where the LLC conducts its business activities.
3. Purpose of the LLC: The LLC must specify its purpose or the nature of its business. This section should provide a clear and concise description of the activities the LLC intends to engage in.
4. Duration of the LLC: The LLC can choose to be perpetual or have a specific duration. If the LLC has a set duration, it must indicate the date of expiration.
5. Names and Addresses of Members or Managers: The Ohio Articles of Organization must list the names and addresses of the LLC’s members or managers. For an LLC with one or more members, the members’ names and addresses are required. For an LLC with managers, the managers’ names and addresses are necessary.
6. Initial Capital Contributions: The LLC must disclose the initial capital contributions made by its members. This section should detail the amount of capital contributed by each member and the form of contribution (cash, property, etc.).
7. Registered Agent: The LLC must appoint a registered agent in Ohio. The registered agent is responsible for receiving legal and official documents on behalf of the LLC.
Filing the Ohio Articles of Organization
To establish an LLC in Ohio, you must file the Ohio Articles of Organization with the Ohio Secretary of State. The filing process involves the following steps:
1. Prepare the Ohio Articles of Organization: Ensure that all required information is included in the document, as outlined in the previous section.
2. Pay the Filing Fee: The filing fee for the Ohio Articles of Organization is $125. This fee can be paid online, by mail, or in person at the Ohio Secretary of State’s office.
3. Submit the Document: Submit the completed Ohio Articles of Organization along with the filing fee to the Ohio Secretary of State. You can file the document online, by mail, or in person.
4. Obtain a Certificate of Formation: Once the Ohio Secretary of State receives and processes your filing, you will receive a Certificate of Formation. This certificate serves as proof that your LLC is officially recognized in Ohio.
In conclusion, the Ohio Articles of Organization is a vital document for any business entity looking to establish its presence in the state of Ohio. By understanding its key components and the filing process, you can ensure that your LLC is properly formed and legally recognized.
