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How do I start a business in Ohio?

The decision to start a business is an exciting one. It can also be a stressful one. You are putting all your eggs in one basket in the hopes that it catches on with the public. Here's how you should go about starting a business in Ohio.

Once you create a business plan that allows you to see the startup in every aspect, you can choose the structure of the company and then register it with the state of Ohio. After you register the business with the state, your personal assets are protected from liability.

Make sure that the business you start in Ohio is synced with the state's tax code. Take advantage of all the breaks and incentives found in the tax code for businesses that you can.

Now it's time for you to acquire the correct licenses and permits to operate your business within the borders of Ohio. The website for the state of Ohio has a separate section for licenses and permits.

Once these first few steps are put into action, you can create a business bank account. Your company's finances should never be mixed with your personal finances.

Now that you have a business name, brand and bank account, you can pick the location in Cincinnati where you want the business to operate.

Start working to find financing for your business idea. You won't be able to do it alone, which is where investors come into play.

Create a website for your business. It will be the line of communication between you and your potential clients. Begin to market your business through various forms such as social media, newspapers, radio ads and more.

Are you starting a business in Ohio? An experienced business formation attorney can help you with the entire process and ensure that you are following the laws.

Source: Startup Savant, "How to start a business in Ohio," accessed July 21, 2017

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