The Limited Liability Company (LLC) has become the entity of choice for many new businesses in Ohio. The LLC provides the flexibility and ease of startup of a partnership while providing the liability protection of a corporation. By combining the best attributes of a corporation and partnership, the LLC provides an attractive business entity for Ohio farms and farm businesses. This fact sheet describes an LLC, how to form one, advantages and disadvantages, legal requirements, and procedures for transfer of ownership interests. The complete factsheet can be
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