Separate legal entity
Known as the Ohio Revised Limited Liability Company Act
The act spans §§ 1706–1706 (92 sections).
Effective: April 12, 2021; Latest Legislation: Senate Bill 276 - 133rd General Assembly
(A) A limited liability company is a separate legal entity. A limited liability company's status for tax purposes shall not affect its status as a separate legal entity formed under this chapter.
(B) A limited liability company has perpetual duration.
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.