Ohio LLC
A Ohio limited liability company provides limited liability for its members if the corporate status is maintained. The LLC is a newer entity type that is very exciting as it offers some great benefits and features for its members. One difference between a LLC and a regular corporation is that a LLC is recognized by the IRS as a "pass through" tax entity.
LLC are owned by its members
The owner of a LLC is by its members. As in a corporation, the ownership is by shareholders. Since a LLC does not have any share holders, the stake in the LLC is through its members. Members are represented as owners in the operating agreement.
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