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Ohio!


Incorporate a Business in Ohio:
 
   Corporate Name Endings
     * The name shall end with or include word or abbreviation "Company",
       "Co.", "Corporation", "Corp.", "Incorporated" or "Inc." The name
       must be distinguishable from the name of another domestic or
       foreign corporation authorized to do business in the state or from
       any trade name. The name shall not contain language that implies
       it is connected with a government agency of any state or the
       United States.
       
   Articles of Incorporation Requirements
     * Director Information
          * Minimum Number - Three or more, except that where the shares
            of a corporation are owned by less than three shareholders,
            that corporation may have less than three directors but that
            number may not be less than the number of shareholders.
          * Residence Requirements. - No provision.
          * Age Requirements - Must be 18 years old.
          * Directors are required to be listed in the articles of
            incorporation.
     * Officer Information
          * The officers are not required to be listed in the articles of
            incorporation.
     * Stock Information
          * An increase in the shares may cause an increase in the
            initial filing fee.
       
   Yearly Requirements
     * Annual Statements
          * A domestic corporation incorporated on or after January 1,
            1993 must file its first statement of continued existence on
            or before July 1 of the year following its year of
            incorporation and each July 1 thereafter. A filing fee of $5
            will be charged.
     * Income Tax Rate
          * The greater of: (1) 5.1% plus an additional corporate
            franchise tax of 0.11% of the first $50,000 of the value of
            the corporation's issued and outstanding shares of stock
            determined according to net income (Basis B) and 8.9% (8.5%
            for tax years beginning after 1998) plus an additional
            corporate franchise tax of 0.22% of the excess over $50,000;
            or (2) 5.82 mills (4 mills after 1998) plus an additional
            corporate franchise tax of 0.14 mill of the value of the
            corporation's issued and outstanding shares of stock Minimum
            tax $50.
       
   For more information on taxes, visit www.state.oh.us/tax
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