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Ohio LLC Continuing Obligations

Once an Ohio LLC has been created, the Ohio Secretary of State will require certain recurring responsibilities and duties. The most important of those are explained below. For further information, refer to the Ohio Secretary of State office.

Records

Each limited liability company shall keep following records open to inspection at its office:

  • A current list of the full names, in alphabetical order, and last known business or residence address of each member
  • A copy of the articles of organization, all amendments to the articles, and executed copies of any powers of attorney pursuant to which the articles or the amendments have been executed
  • A copy of any written operating agreement, all amendments to that operating agreement, and executed copies of any written powers of attorney pursuant to which the operating agreement and the amendments have been executed
  • Copies of any federal, state, and local income tax returns and reports of the company for the three most recent years
  • Copies of any financial statements of the company for the three most recent years
  • Unless contained in a written operating agreement, a writing setting forth all of the following:
    • The amount of cash, and a description and statement of the agreed value of any other property or services, each member has contributed and has agreed to contribute in the future
    • The date of any additional contributions made or agreed to be made by each member
    • Any right of the company to make to a member, or of a member to receive, any distribution that includes a return of all or any part of his contribution
    • Each event upon the occurrence of which the company is to be dissolved and its affairs wound up
    • Copies of records that would enable a member to determine the relative voting rights of the members

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