Business Law
The Corporate Transparency Act and Ohio Small Businesses
In the coming year, many Ohio small businesses will need to add another task to their compliance checklist as the Corporate Transparency Act (CTA) comes into force. Part of the Anti-Money Laundering Act (AMLA), the CTA imposes fresh reporting obligations on corporations, LLC, and other business entities with the aim of identifying shell companies that …
Ohio’s New LLC Act: What Companies Need to Know
Ohio’s new LLC Act took effect on February 11, 2022. It makes several important changes that impact existing Ohio LLCs and those looking to form an Ohio LLC. It is now in force and applies to all limited liability companies that do business in Ohio. Failure to comply with the new law’s provisions could result …
Legal Considerations for Starting a Business in Ohio
With the United States economy performing better than it has in years, 2019 is a great time to start a business in Ohio. But even during the best of times, starting a business is complicated. In addition to the numerous financial challenges of entrepreneurship, there are a multitude of legal issues to consider when forming …