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This book has a sample set of by-laws of the type that a small, independent society might adopt. [14] The wording of the by-laws has to be precise. Otherwise, the meaning may be open to interpretation. In such cases, the organization decides how to interpret its by-laws and may use guidelines for interpretation. [15]
The only official publication of the enactments of the General Assembly is the Laws of Ohio; the Ohio Revised Code is only a reference. [ 4 ] A maximum 900 copies of the Laws of Ohio are published and distributed by the Ohio Secretary of State ; there are no commercial publications other than a microfiche republication of the printed volumes. [ 5 ]
A business entity is an entity that is formed and administered as per corporate law [Note 1] in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries.
Ohio ranks as the No. 1 state to start a small business in thanks to tax rate, minimum wage, and lower utility bills, according to study.
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According to the Small Business & Entrepreneurship Council, Ohio's top personal income tax rate ranks #25 as of 2014. [228] The rate has been steadily declining since the 2005 tax reform, dropping from $11,506.20 + 7.5% of excess over $200,000 in 2004 to $8,671.63 + 5.421% of excess over $208,500 in 2013. [ 229 ]
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