The most popular business entity is a sole proprietorship, which is not required to be registered with the Ohio Secretary of State. A sole proprietorship is often used for low-risk businesses because individual assets are not protected in the event of any type of liability.
Another popular business entity in the state of Ohio is a limited partnership, where two or more people enter into an operating agreement and play different roles within the business. At the Offices of Amy R. Turos, we can draft an operating agreement that sets out the rules and responsibilities of each party, and provides more protections for personal liability.