97.9% of Ohio’s businesses are small businesses. A staggering statistic – but what is even more impressive is that these small businesses employ approximately 42% of employees within the state.
In recent years, Ohio has emerged as one of the most up-and-coming places in America to start a business. It already boasts a long-list of innovation advancements, and with public, private and university partnerships assisting in supporting start-ups launch in the state, it’s no wonder that entrepreneurship is thriving.
With relatively easy registration and manageable business taxes to pay, Ohio offers your business an attractive and supportive environment to launch your business.
So, how do you set up your business in the state of Ohio? We take you through the nine steps you would take to register your business name, the business, taxes and apply for any licenses and permits you may need.
Let’s get started.
STEP 1: Choose the type of legal business entity you want to open
STEP 2: Register a business name in Ohio
STEP 3: Register your business in Ohio
STEP 4: Your EIN number registration
STEP 5: Open a bank account
STEP 6: Register for tax
STEP 7: Report newly hired and re-hired employees
STEP 8: Register for Workers’ Compensation
STEP 9: Get your Ohio business license and permits