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This document outlines the operating agreement for a member-managed Ohio LLC, detailing organization, management, capital contributions, and dissolution procedures.
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Ohio single-member limited liability refers to a legal business structure where a single individual owns and operates a limited liability company (LLC) in Ohio. This structure provides personal liability protection for the owner against business debts and claims.
Any individual who wishes to establish a single-member LLC in Ohio must file for it. This includes entrepreneurs, sole proprietors, or anyone seeking limited liability protection for their business activities.
To fill out the forms for an Ohio single-member LLC, one must complete the Articles of Organization, which include details such as the name of the LLC, the principal business address, and the name of the registered agent. These forms can be submitted online or by mail to the Ohio Secretary of State.
The purpose of an Ohio single-member limited liability company is to provide the owner with limited liability protection, separating their personal assets from business liabilities, which can help shield them in case of debts or lawsuits against the business.
The information that must be reported includes the LLC's name, address, registered agent's name and address, and the purpose of the LLC. Additional provisions about management and ownership can also be included if desired.
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