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Who is required to register a business in Ohio?
Any business entity, domestic or foreign, planning to transact business within Ohio, using a name other than their own personal name, must register with this office. Business entities must file the appropriate formation documents to register their business. Sole proprietorships and general partnerships are not required to register the business entity; however, they may need to register a trade name or report the use of a fictitious name if they are doing business in a name not their own. (For example, if you are doing business under your personal name, i.e. Bob Smith, then you do not need to register with our office, but if you are doing business under the name “Bob Smith’s Automotive Shop,” then the name must be registered with our office).
If you do business in Ohio and need a registered agent to receive service of process and other legal notifications, please contact me.
I've been browsing StartupNation and came to the conclusion the type of business I want to start would be one which primary product would be patents.
I'm struggling to understand how to start such a business, where the intended financing would be directed toward achieving a patent for an idea of mine. Until the product is developed, no patent can be issued.
What are ways to protect the stages of development?
What are challenges to receiving financing for a product that isn't invented yet?
I'd prefer to create financing that protects me from the lack of a finished product. I don't expect risk free, but I don't want to take out a direct loan either. I don't see the point in getting a bank to finance me at interest when there is possibly no hope of producing a profitable product.
So how do scientific research companies do it? I've seen example where they receive grants for instance, but I have no experience in pursuing this in any way.
I hope someone with experience being funded by grants, or by angel investors who understand the risk but believe in the idea, could give some advice on their experiences and how they protected themselves from financial risk beyond what they themselves invested.
I definitely believe my invention idea could generate a profit, but it's too large scale that it'd require way too much capital to bring it to production, so I figured the easiest path is to just start with shooting for a patent portfolio.
We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the NEW StartupNation Community at startupnation.mn.co!
I hope everyone is doing well. I'm at a point where I'm considering options for securing business funding and have come across the concept of using an aged shelf corporation to accelerate the process.
I've heard various opinions on this—ranging from it being a great way to get a head start, to it being a risky approach. There seems to be a lot of mixed information out there, and I'd really like to get some real-world advice from entrepreneurs who have experience in this area.
- Is it worth investing in an aged shelf corporation to boost my business credit?
- What should I look for when choosing a company that sells aged shelf corporations?
- Are there any legal considerations I should be aware of?
I'd be grateful for any insights or personal experiences you could share, as this could be a significant decision for the future of my business.
Thank you in advance!