Company Formation in Hungary for US Entrepreneurs
Company formation in Hungary offers access to the EU market, low taxes, and residency options. Learn about the steps, costs, and compliance rules.
Planning to hire, lease, or sell in Ohio? Don’t skip this step.
With a low cost of doing business, a rising tech presence in cities like Columbus and Cincinnati, and strong logistics infrastructure, Ohio is becoming a serious contender for expanding companies. But if your LLC was formed in another state, you’ll need to register as a foreign LLC before operating legally here.
In this guide, you'll learn how to form a foreign Ohio LLC, what it costs, and how to stay in good standing once you're up and running. We'll also discuss the Wise Business account. The global account that can help your company with all things cross-border.
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To operate legally as a foreign corporation in Ohio, you must register with the state’s office by submitting a Foreign Corporation Application for Registration1. Here's how the process works:
If your out-of-state LLC is transacting business in Ohio, you’re required to register. While Ohio law doesn’t define this term precisely, common activities that trigger registration include:
If you plan to do any of the above, you’ll need to file as a foreign LLC before proceeding. For more details, visit Ohio Business Central website2.
Before filing in Ohio, you must obtain a Certificate of Good Standing—sometimes called a Certificate of Existence—from the Secretary of State in your home state. This document proves your LLC is legally formed and compliant. Ohio requires the certificate to be dated within 90 days of your application.
Most states allow you to request this certificate online for a small fee.
Ohio law requires that your LLC’s name be distinguishable from any existing entity already registered in the state. If your LLC name is already in use, you’ll need to adopt a fictitious name (DBA) for Ohio and register it separately.
You can check name availability using the Ohio Business Search Tool3. If your name is available and you’re not ready to file yet, you can also reserve it by filing a Name Reservation form and paying a small fee.
Every foreign LLC must designate a statutory agent (Ohio’s term for registered agent) with a physical address in the state. This person or business is responsible for accepting legal documents, tax notices, and other state communications on behalf of your LLC.
You can appoint:
Commercial agent services typically charge a flat rate between $100 and $300 per year. Business owners can serve as their own agents if they meet the residency and availability requirements.
To officially register, submit Form 617: Application for Registration of a Foreign Limited Liability Company4 to the Ohio Secretary of State. You can file:
Filing fee: $99
Processing time: 3–7 business days for normal processing; 2 business days with expedited service (additional $100)
Your application must include:
Ohio does not require an initial report when registering a foreign LLC. However, you must keep your agent information and other records up to date over time. Be sure to keep the original copy of your approved Form 617, along with your Certificate of Good Standing and any correspondence from the Ohio Secretary of State. These documents may be required when applying for local business licenses, opening a bank account, or responding to a legal request.
Ohio does not have a universal business license, but certain industries and cities require specific permits. Depending on your business type and location, you may need to register with:
Use Ohio Business Gateway5 to access state-level license registration options and tax accounts.
To remain in good standing, your foreign LLC must:
You can manage filings through the Ohio Business Central Portal or consult your Ohio registered agent service for assistance.
Once you have established your business with an LLC, you’ll need a business account to manage your US finances. A Wise Business account is easy to open online and comes with no monthly fees. You can convert funds from your home currency to USD with low, transparent fees.
Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in currencies. You can get major currency account details for a one-off fee to receive overseas payments like a local. You can also send money to countries.
Some key features of Wise Business include: |
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Open a Wise Business account online
Pros | Cons |
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Affordable $99 filing fee with optional expedited service | No centralized business licensing system; may require local permits |
Strategic Midwest location with access to major U.S. markets | Public disclosure of business info, including statutory agent address |
No state-level business license is required for most industries | Biennial updates and ongoing compliance requirements |
Allows out-of-state ownership and non-resident business operation | Foreign LLC name must be distinguishable; may require a DBA filing |
Fast processing times—typically 3–7 days or 2 days with expedited filing | No blanket exemption from Ohio Commercial Activity Tax (CAT) |
After you register, your LLC must remain in good standing with the Ohio Secretary of State. Here’s how:
Register your foreign LLC in Ohio if you want to conduct business in the state with benefits that include:
Feature | Ohio | Texas | California | Illinois |
---|---|---|---|---|
Filing Fee | $99 | $750 | $70 + $20 Statement | $150 |
Annual/Biennial Report Fee | None (biennial updates only) | $0 (Public Info Report) | $20/year | $75/year |
Franchise or CAT Tax | CAT if gross receipts > $150K | Franchise tax | $800/year minimum | No franchise tax |
Tax Structure | Pass-through | Pass-through | Pass-through | Pass-through |
Ohio offers one of the lowest filing fees and no annual report requirement, but the CAT tax may apply to mid-size businesses. Texas is expensive upfront, but lacks an annual report fee and offers no personal income tax. California has low registration fees but imposes the highest franchise taxes. Illinois charges moderate fees and taxes, making it a balanced but costlier option than Ohio.
Don’t let legal roadblocks hold your expansion back—register your foreign LLC in Ohio to unlock new markets and protect your business. Appoint a statutory agent, file Form 617 with the Ohio Secretary of State, and keep your filings current. With a $99 filing fee, optional expedited processing, and Ohio’s central location and supportive infrastructure, you’ll be ready to hire, lease space, and sign contracts.
Yes. Many international companies register Ohio foreign LLCs using a local statutory agent and legal counsel. You don’t need a physical office to qualify.
You may be considered out of compliance. It’s best to file immediately and consult with an attorney to mitigate penalties.
Usually not. Simply selling products online typically doesn’t count as transacting business unless you have a warehouse, employees, or a sales team in the state.
Only if the LLC name hasn’t already been taken in Ohio, otherwise, you must file under a different name.
Yes. The term foreign corporation typically refers to out-of-state corporations. An LLC is a different type of business entity and must file a separate application (Form 617).
Sources:
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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