New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.
How much does it cost for an s-corp in the state of Ohio after all costs are added in?
Simon,
The costs associated with forming any new entity varies greatly depending on your regional and business needs. For example, if you are selling products, or rendering a professional service such as educational or medical, you would need to file additional forms and applications for specialty licenses/permits that match the desired functionality of your business.
In the scenario that you are providing a simple online service, to cover the basic necessities to have your S-Corp registered and filed in the state of Ohio would be $296. This would include the state filing fee for your company’s registration, our processing fee, acquiring an EIN for the entity, having the business filed in the S-Corp tax status with the IRS, certified copies of the Articles of Incorporation and shipping of all the documents to and from their respective destinations. (Please click here to view the itemized list of services associated with setting up an S-Corp in Ohio).
Obviously any expedite options or secondary business needs would alter the final costs.
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