Ohio Revised Limited Liability Company Act

Ohio · Ohio Revised Limited Liability Company Act · §§ 1706.01 to 1706.84 · 92 sections

Overview

This act supplies the statutory framework for forming and operating limited liability companies, covering how a company comes into existence through articles of organization filed with the state filing office and how it maintains a distinctive name, a registered agent, and current public records through amendments, corrections, and annual reports. Internal governance is left largely to the members' operating agreement, which the act treats as the primary source of the company's rules while reserving certain provisions the agreement cannot alter. It also sets the default rules that matter to outsiders — when a member or manager can bind the company, how authority can be publicly established or disclaimed through filed statements, how process and notice are delivered, and the limited liability that shields members and managers from the company's obligations.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

In the courts

Sections of this act have been cited in 2 court decisions.

Most-cited authority: 2024 OHIO 5982 - O'Neal v. Sanchez

Sections covered

Ohio Rev. Code Ann. § 1706.01Limited liability company definitions
Ohio Rev. Code Ann. § 1706.02The Revised Limited Liability Company Act
Ohio Rev. Code Ann. § 1706.03Knowledge and notification of facts
Ohio Rev. Code Ann. § 1706.04Separate legal entity
Ohio Rev. Code Ann. § 1706.05Scope of authority of limited liability company
Ohio Rev. Code Ann. § 1706.06Interpretation and application of Revised Limited Liability Company Act
Ohio Rev. Code Ann. § 1706.061Authority of state law over limited liability companies
Ohio Rev. Code Ann. § 1706.07Naming of limited liability company
Ohio Rev. Code Ann. § 1706.08Limited liability company operating agreements1 cite
Ohio Rev. Code Ann. § 1706.081Enforcement of operating agreements
Ohio Rev. Code Ann. § 1706.082Operating agreement amendment, provision of rights, obligations
Ohio Rev. Code Ann. § 1706.09Legal agents of limited liability companies
Ohio Rev. Code Ann. § 1706.16Articles of organization
Ohio Rev. Code Ann. § 1706.161Amendments to articles of organization
Ohio Rev. Code Ann. § 1706.17Filed records of a limited liability company to be signed
Ohio Rev. Code Ann. § 1706.171Incomplete or undelivered records
Ohio Rev. Code Ann. § 1706.172Records requirements
Ohio Rev. Code Ann. § 1706.173Certificates of correction
Ohio Rev. Code Ann. § 1706.174Incorrect or inaccurate records - penalty
Ohio Rev. Code Ann. § 1706.175Certificate of full force and effect; foreign limited liability company certificate of registration
Ohio Rev. Code Ann. § 1706.18Binding of limited liability company
Ohio Rev. Code Ann. § 1706.19Statement of authority, amendments and cancellation, certificate of dissolution
Ohio Rev. Code Ann. § 1706.20Statement of denial
Ohio Rev. Code Ann. § 1706.26Liabilities of limited liability company members
Ohio Rev. Code Ann. § 1706.27Admission as a member of a limited liability company1 cite
Ohio Rev. Code Ann. § 1706.28Contributions of members of a limited liability company
Ohio Rev. Code Ann. § 1706.281Obligation to make a contribution
Ohio Rev. Code Ann. § 1706.29Distributions of limited liability company
Ohio Rev. Code Ann. § 1706.30Direction and oversight of a limited liability company
Ohio Rev. Code Ann. § 1706.31Duties of a member to a limited liability company and other members
Ohio Rev. Code Ann. § 1706.311Duties of a manager to a limited liability company and its members
Ohio Rev. Code Ann. § 1706.32Indemnification, advancement, reimbursement, and insurance
Ohio Rev. Code Ann. § 1706.33Right of members and dissociated members to records
Ohio Rev. Code Ann. § 1706.331Reliance on reports and information
Ohio Rev. Code Ann. § 1706.332Power of personal representative of deceased member
Ohio Rev. Code Ann. § 1706.34Member's membership interest is personal property and assignable
Ohio Rev. Code Ann. § 1706.341Assignment of limited liability company interest
Ohio Rev. Code Ann. § 1706.342Charging order relating to judgments
Ohio Rev. Code Ann. § 1706.41Wrongful dissociation
Ohio Rev. Code Ann. § 1706.411Circumstances causing dissociation
Ohio Rev. Code Ann. § 1706.412Effect of dissociation
Ohio Rev. Code Ann. § 1706.46Cancellation and reinstatement
Ohio Rev. Code Ann. § 1706.461Appeals
Ohio Rev. Code Ann. § 1706.47Dissolution
Ohio Rev. Code Ann. § 1706.471Effect of dissolution
Ohio Rev. Code Ann. § 1706.472Winding up of limited liability company activities
Ohio Rev. Code Ann. § 1706.473Claims against dissolved limited liability company
Ohio Rev. Code Ann. § 1706.474Publication of dissolution
Ohio Rev. Code Ann. § 1706.475Winding up payment to creditors and distribution of surplus
Ohio Rev. Code Ann. § 1706.51Foreign limited liability company governing law
Ohio Rev. Code Ann. § 1706.511Foreign limited liability company registration
Ohio Rev. Code Ann. § 1706.512Actions not constituting transacting business in Ohio
Ohio Rev. Code Ann. § 1706.513Complying name for registration
Ohio Rev. Code Ann. § 1706.514Cancellation of registration with Secretary of State
Ohio Rev. Code Ann. § 1706.515Collection of debts without registration prohibited
Ohio Rev. Code Ann. § 1706.61Right of derivative action
Ohio Rev. Code Ann. § 1706.611Member standing for derivative action
Ohio Rev. Code Ann. § 1706.612Written demand requirement
Ohio Rev. Code Ann. § 1706.613Stay of derivative action
Ohio Rev. Code Ann. § 1706.614Dismissal of derivative action
Ohio Rev. Code Ann. § 1706.615Discontinuance or settlement
Ohio Rev. Code Ann. § 1706.616Payment of expenses
Ohio Rev. Code Ann. § 1706.617Jurisdiction of derivative action proceedings
Ohio Rev. Code Ann. § 1706.62Member suit against other members
Ohio Rev. Code Ann. § 1706.71Merger authority, conditions, and conversion of ownership interests
Ohio Rev. Code Ann. § 1706.711Merger approval, amendment, or abandonment
Ohio Rev. Code Ann. § 1706.712Merger certificate and effective date
Ohio Rev. Code Ann. § 1706.713Merger effect
Ohio Rev. Code Ann. § 1706.72Conversion to or from LLC form
Ohio Rev. Code Ann. § 1706.721Conversion approval, amendment, or abandonment
Ohio Rev. Code Ann. § 1706.722Conversion certificate and effective date
Ohio Rev. Code Ann. § 1706.723Conversion effect
Ohio Rev. Code Ann. § 1706.73Merger or conversion consent if personal liability will attach
Ohio Rev. Code Ann. § 1706.74Merger or conversion under other law
Ohio Rev. Code Ann. § 1706.76Separate asset series-designation by operating agreement
Ohio Rev. Code Ann. § 1706.761Separate asset series-limited liability statement
Ohio Rev. Code Ann. § 1706.7610Separate asset series-responsibility to wind up activities after dissolution
Ohio Rev. Code Ann. § 1706.7611Separate asset series-disposition of claims after dissolution
Ohio Rev. Code Ann. § 1706.7612Separate asset series-notice of dissolution and limitation of claims
Ohio Rev. Code Ann. § 1706.7613Separate asset series-distribution of funds upon wind up
Ohio Rev. Code Ann. § 1706.762Separate asset series-how assets held
Ohio Rev. Code Ann. § 1706.763Separate asset series-limited liability statement effective
Ohio Rev. Code Ann. § 1706.764Separate asset series-wrongful dissociation from series
Ohio Rev. Code Ann. § 1706.765Separate asset series-circumstances causing dissociation from series
Ohio Rev. Code Ann. § 1706.766Separate asset series-effect of dissociation
Ohio Rev. Code Ann. § 1706.767Separate asset series-effect of series dissolution
Ohio Rev. Code Ann. § 1706.768Separate asset series-events causing series dissolution
Ohio Rev. Code Ann. § 1706.769Separate asset series-activities and proceedings after dissolution
Ohio Rev. Code Ann. § 1706.81Effect on federal law
Ohio Rev. Code Ann. § 1706.82LLC may act outside the state
Ohio Rev. Code Ann. § 1706.83Chapter applies to all LLCs on and after February 11, 2022
Ohio Rev. Code Ann. § 1706.84Application of chapter amendments

Enacted in other states

Alaska, Florida, Tennessee

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