Diamond Financial Holdings, Inc. v. Limbach

Under R.C. 5733.01(A), the franchise tax is charged against a domestic corporation organized for profit “for the privilege of exercising its franchise during the calendar year in which such amount is payable,” and against a foreign corporation “for the privilege of doing business in this state, owning or using a part or all of its capital or property in this state, or holding a certificate of compliance with the laws of this state authorizing it to do business in this state *230during the calendar year in which such amount is payable.” According to R.C. 5733.01(B):

“A corporation is subject to the…