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Do you need an operating agreement in Ohio? No, it's not legally required in Ohio under § 176.081. Single-member LLCs need an operating agreement to preserve their corporate veil and to prove ownership. And multi-member LLCs need one to help provide operating guidance, determine voting rights and contributions.
Hear this out loud PauseTo benefit from limited liability status, business owners must follow certain formalities to show that their LLC is its own legal entity separate from its members. One way to do this is to open and use a separate bank account for your Ohio LLC. Another is to create (and follow) an operating agreement.
How to Dissolve an LLC in Ohio in 7 Steps Review Your LLC's Operating Agreement. ... Vote to Dissolve an LLC. ... File Articles of Dissolution. ... Notify Tax Agencies and Pay Remaining Taxes. ... Inform Creditors and Settle Existing Debt. ... Wind Up Other Business Affairs. ... Distribute Remaining Assets.