Chardon, OH asked in Business Formation for Ohio

Q: Various Questions about filing as an LLC in Ohio

We are looking to file as an LLC in the State of Ohio. We have a few questions in particular about taxes and finances. We've been in business for around a year now, as a sole proprietorship. We've recently become pretty successful, we are on track to make much more than expected. We're a I.T. company, specializing in game servers, web hosting and services. Would we file taxes this year or next year as a business? Would you recommend using a service such as LegalZoom to file an LLC and using them as our registered agent? Anything else we should know about as a business before doing so. We're relatively young, but we know what we're doing when it comes to business structure and general business responsibilities. The only area we are lacking would be taxes and book keeping. Do we need to file a report every month of our payments in and out of the business? Is it just quarterly? How would we file them? Thanks!

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1 Lawyer Answer
Adam Studnicki
Adam Studnicki

A: Sounds like you'd benefit from building a relationship with a good CPA. In addition, you'd likely benefit from talking to a business lawyer. If you're running a serious business, you want to make sure you're protecting yourself, including using agreements tailored to your business and not off-the-shelf generic forms.

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