What are the Articles of Incorporation in Ohio?
The Articles of Incorporation is a legal document that establishes a corporation in Ohio. It outlines essential details about the business, including its name, purpose, and structure. Filing this document is a crucial step in forming a corporation, as it provides the state with the necessary information to recognize the business as a legal entity.
Who needs to file the Articles of Incorporation?
Any individual or group looking to start a corporation in Ohio must file the Articles of Incorporation. This includes for-profit businesses, non-profit organizations, and professional corporations. It is important to ensure that the correct type of corporation is chosen based on the intended purpose of the business.
What information is required in the Articles of Incorporation?
The form requires several key pieces of information. This includes the corporation's name, the principal office address, the purpose of the corporation, the number of shares authorized, and the names and addresses of the incorporators. Providing accurate and complete information is vital to avoid delays in processing.
How do I file the Articles of Incorporation?
Filing can be done online or by mail. If you choose to file online, you can visit the Ohio Secretary of State’s website. For mail filings, you will need to download the form, complete it, and send it to the appropriate address along with the required filing fee. Ensure that all documents are signed and dated correctly to prevent any issues.
What is the filing fee for the Articles of Incorporation?
The filing fee varies depending on the type of corporation you are forming. Generally, the fee is around $99 for a standard for-profit corporation. Non-profit organizations may have different fees. It is advisable to check the latest fee schedule on the Ohio Secretary of State’s website to ensure you have the correct amount.
How long does it take to process the Articles of Incorporation?
Processing times can vary. Typically, online filings are processed faster, often within a few business days. Mail filings may take longer, sometimes up to several weeks. If you need your corporation established quickly, online filing is the preferred method.
Can I amend the Articles of Incorporation after filing?
Yes, amendments can be made to the Articles of Incorporation after they have been filed. If there are changes to the corporation’s name, purpose, or structure, you will need to file an amendment form with the Ohio Secretary of State. There may be additional fees associated with this process.
Do I need an attorney to file the Articles of Incorporation?
While it is not legally required to have an attorney, consulting with one can be beneficial. An attorney can provide guidance on the best structure for your business and help ensure that all legal requirements are met. If you feel confident in completing the form yourself, you can proceed without legal assistance.
What happens after I file the Articles of Incorporation?
Once your Articles of Incorporation are filed and approved, your corporation will officially exist as a legal entity. You will receive a confirmation from the state, which may include a certificate of incorporation. After this, it is essential to comply with ongoing requirements, such as filing annual reports and maintaining good standing with the state.
What are the next steps after incorporating in Ohio?
After incorporating, you should take several important steps. First, obtain an Employer Identification Number (EIN) from the IRS for tax purposes. Next, set up a corporate bank account to keep your business finances separate from personal ones. Additionally, consider drafting bylaws and holding an initial board meeting to establish governance for your corporation.