Welcome to OVLG's Ohio laws and legal information center. Know state laws, legal information, court information, get the links to state government websites, and much more.
Debt consolidation is a simple debt relief option, which merges your multiple debts and arranges a single affordable monthly payment for you. A debt consolidation program also involves interest rate negotiation that lowers the amount that a debtor has to pay each month. A debt settlement program, on the other hand, negotiates on the total outstanding balance, so that the debt amount is lowered and you can become debt-free by paying much less than what you owe.
Additional legal resources for consumers
Bankruptcy in Ohio works almost in the same way as in any other state, since the federal law governs the laws related to bankruptcy filing. The 2005 Bankruptcy Act requires that all the individual debtors filing for bankruptcy have to undergo credit counseling for a six month time period before filing. Again, to get a discharge, a debtor education course should also be completed after bankruptcy filing. The credit counseling agencies and the debtor education agencies should however be approved by the Bankruptcy Administrator.
Few key points to consider:
Setting up of a company in the state of Ohio is not much different as that in other states. However, there are certain state-specific requirements that have to be followed while filing documents with the Secretary of State.
Steps that involve an LLC formation
» Details of LLC formation in Ohio
Steps that involve formation of a Non-profit Corporation
An Ohio Will protects your legal heirs and their rights. Preparing a valid Ohio Will ensures that you can keep intestacy at bay, and decide the distribution of your estate, assets and properties by yourself. However, before drafting your own Will, you must know:
» Read more to know the answers
Probate can be avoided through living trusts and you can even reduce or completely eliminate federal estate taxes for your estate. But: