The state is rapidly transforming into an entrepreneurial hotspot, helped along by the revitalization of its automotive industry and the strong startup atmosphere of cities like Cleveland. Thanks to venture capital, Ohio is one of the top startup economies in the US, and the future for small businesses and entrepreneurs in the state is bright. Major Ohio businesses include Procter & Gamble, National City Corp, Kroger, Goodyear Tire & Rubber, Cardinal Health, Marathon Petroleum, Nationwide, and American Electric Power. The cardinal is Ohio’s state bird, and the carnation is its state flower. Milan, Ohio, was the birthplace of Thomas Edison. Ohio is the 34th-largest state, with a size of approximately 116,000 square miles. Other industries with a strong foothold in Ohio include steel, agriculture, small appliances, and aerospace. The automotive industry is the state’s largest sector, and northeast Ohio is home to a large portion of auto assembly and auto part plants. The city of Akron is known as the rubber capital of the world. Ohio has a reputation as the birthplace of aviation, and today the state’s aerospace industry has an annual economic impact of more than $8 billion. Cincinnati, Ohio, is the home of the first professional baseball team, the first professional city fire department, and the first ambulance service in the world. Step 8: Set Up Accounting and Record-Keepingĩ7.9% of Ohio’s businesses are small businesses, and they employ 46.2% of Ohio’s employees.Step 7: Set Up Business Insurance Policies.Step 6: Apply for Ohio Business Licenses and Permits.Step 5: Open Ohio Business Bank and Credit Accounts.Step 4: Apply for a Federal Tax ID Number.Step 3: Register Ohio LLC, Corporation, or DBA.Step 2: Pick a Great Name For Your Ohio Business.Step 1: Choose the Right Business Entity.

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