New Filing Issues
Filing of Articles - $125*
Expedited Filings - $100 additional
* Filing fees are for authorization of 1500 shares of stock or less. Fees are higher for more than 1500 shares
Corporate Records (The following are required to be kept in your corporate records)
- Articles of incorporation and all amendments;
- Current bylaws;
- Minutes of shareholders' meetings;
- Records of shareholders' actions taken without a meeting;
- Written communications to shareholders within past three years;
- List of names and business addresses of current directors and officers;
- Most recent annual report;
- Any agreements among shareholders.
Annual Filing Requirements
A filing fee of $25 will be charged ONLY for the professional corporation biennial report or the non-profit corporation statement of continued existence. A standard for profit corporation does not need to file a biennial report.
Form 520 Biennial Report - Professional Corporation Biennial Report
Form 522 - Statement of Continued Existence for Non-profits
The Professional Corporation Biennial Report must be filed between July 1-30 in each even-numbered year.
Non-profit organizations are required to file a Statement of Continued Existence every five years in the month of incorporation.
Corporation Tax Returns
The tax rate is the greater of $50, or 5.1% of the first $50,000 of the value of a taxpayer's outstanding shares of stock determined according to net income plus 8.5% of the value over $50,000; or 0.004 times the value of the taxable value of the corporation with a maximum of $150,000.
NOTE: You are no longer required to file Ohio form FT 1120S for 2010. Do not use prior year forms to attempt to file this return.
Form FT-1120 - 2012 Corporation Franchise Tax Report (Instructions)
Form FT-1120 - 2011 Corporation Franchise Tax Report (instructions)
Form FT-1120S - 2010 S Corporation Not Filed
Tax Form List - Current Tax Forms (2006-2010 also available)
The filing and payment of Franchise Tax is due between January 1st and March 31st. However, if by January 31st, the taxpayer did not file the report and make full payment of the tax, then by January 31st, the taxpayer must file form FT 1120E, Declaration of Estimated Corporation Franchise Tax, and must pay one-third of the estimated tax, but not less than the minimum fee.
S Corporation Franchise Tax Reports are due by June 30th.