STARTING A BUSINESS IN OHIO

Ohio is a top ten state for its business climate, economic outlook, regulatory environment, small business tax climate and workforce quality - making Ohio the perfect spot for starting an LLC.

2021 Ohio rankings

#2 CNBC’s “Cost of Doing Business” Rankings
#4 Site Selection Magazine Top Business Climate
#4 Site Selection Magazine for attraction of Foreign Direct Investment (FDI)
#7 Chief Executive’s Best States for Business
#7 CNBC’s “Access to Capital” Rankings
#9 Area Development’s Top States for Doing Business
#10 CNBC’s “Top States for Business” Rankings

• Basic market research in supply chain, incumbents and competition, availability, quality and cost of labor, taxation benchmarking, quality of life etc.
• Connection to the state main industry stakeholders: private, public, academic and R&D, clusters etc.
• Real estate options and cost: sites, existing buildings, office space.
• Hosting market visits when Ohio is a candidate for investment.
• Introduction to trustworthy legal and accounting firms as well as other needed service providers.
• Introduction to the relevant stakeholders for permitting
• Financial incentives: grants, loans, tax credits.
• Talent recruitment and retention services.

• No state corporate income or profits tax
• No tax on products sold outside of Ohio
• No state tax on machinery and equipment investments
• No state tax on R&D investments
• Only one state business tax – the Commercial Activity Tax (0.26 percent)

The Tax Foundation recognizes Ohio as:


• No. 1 in new data center corporate tax costs.
• No. 1 in distribution center corporate tax costs.
• No. 3 in new capital-intensive manufacturer corporate tax costs.
• No. 5 in new labor-intensive manufacturer corporate tax costs.