Formation

What is an Employer Identification Number?

An employer identification number (EIN), also known as a federal tax identification number (TIN), is used to identify a business entity.  Generally businesses need an EIN.  If you answer yes to any of the following questions, your business must get an EIN:  Do you have any employees?  Do you operate your business as a corporation…

Should You Hire a Registered Agent?
Formation

Should You Hire a Registered Agent?

If you are forming business entity you are required to have a registered agent and a registered office. But this does not mean that you need to hire a registered agent service. Here are the factors to consider.

Should my company incorporate in Ohio or Delaware?
Formation

Should my company incorporate in Ohio or Delaware?

Ohio-based Entrepreneurs often ask whether they should be incorporating in Ohio or if they are better protected by incorporating in Delaware or some other jurisdiction. For various reasons, some founders choose to incorporate in Delaware even if their principle place of business will be Ohio. These reasons often have to do with taxes, liability of management and…

Does My Business Really Need Limited Liability Protection?
Formation

Does My Business Really Need Limited Liability Protection?

Just about any attorney you ask is going to tell you “yes” you do need limited liability protection that is offered by establishing your business entity as a corporation or LLC. That’s because that attorney would not want to get blamed if he or she advised you otherwise, and you incurred personal liability in the…