Tuesday, July 23, 2019
Documents Necessary to Organize a Limited Liability in Ohio State Term Paper
Documents Necessary to Organize a Limited Liability in Ohio State - Term Paper Example Employer identification number (EIN) resembles the Social Security Number and is nine digits long. It is assigned by Internal Revenue Service (IRS) to be used by the LLCââ¬â¢s to track their tax returns. One is required to request for the EIN from IRS website, download, and print from SS-4. The form is supposed to have the signature of a representative of the LLC. Mail the completed SS-4 form the Internal Revenue Services headquarters in Ohio. One has to wait up to four weeks to get the assigned FEIN from IRS. The LLC can apply for federal tax ID for a fee through third parties or for free if applied directly (Ohio Secretary of State, 2014). LLCââ¬â¢s are required to apply for work permits from Ohio Secretary of State. These include local permits necessary to do business in Ohio special and professional licenses depending on the business. One has also to contact the Ohio Bureau of Workers Compensation as required by the state law. This only applies if the LLC has hired employees who are salaried and registration is through their website. "The Ohio Department of Job and Family Services" (Ohio Secretary of State, 2014) have also to be contacted so as to establish an unemployment compensation tax account. This account is opened with the Ohio Department of Job and Family Services through their website (Ohio Secretary of State, 2014). This certificate is a necessity for foreign LLC that want to establish in Ohio State. The certificate is a proof of the LLCââ¬â¢s existence as affirmed by the federal government. It is also a documented compliance with the federal regulation on how businesses are set up and ran in the coun try (Ohio Secretary of State, 2014).
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