hmmm as far as I've gathered, there are no limits in Ohio as to what kind of knives I can carry as long as it's not a ballistic knife ( which sounds cool but stupid at the same time). Just to be safe, I've decided to keep the blade under 4 in.
I like both these knives but I REALLY can't seem to decide. Izula also has the cool paracord wrap handle option which i don't know anything about but seems awesome.
You should also look up city municapl code or county ordinances. In WA for example, there is no defined length-limit and pretty permissive laws; but in Seattle anything over 3" and
all fixed blades are illegal. I wouldn't be surprised if a lot of municaplities banned fixed blades of any kind too, so that's one thing to research on the Izula. You should probably also check concealed weapons laws as well if you plan to carry it as a neck knife below the shirt.
Overall though, keep in mind that should you ever be in some kind of trouble, it's pretty much up to the responding officer's discretion whether it's a "weapon" or whether it's too long or not, and they might not exactly be as knowledgeable about the exact wording of the law so might just arrest you if they feel you shouldn't have it. As long as you can come up for some reason you have it for work it should be fine though.
Anyway, what does your choice really come down to? I can't really comment on the PM2 since I've never seen one, but the Izula is very convenient and utilitarian for EDC use, but also pretty much bomb-proof and should be able to handle anything nasty you need to do with it. It's a fixed so it would be quick to deploy, plus you can keep it in the pocket, neck knife it or belt-knife it, etc. Wrapped, micarta and G10 scales* or just skeletonized... On top of that is affordability and the warranty is no-questions-asked, if it breaks you get a new one. It's a really fantastic knife, so I wouldn't hesitate to get it. Some might poo-poo the 1095, but it's decent steel that's heat treated well by Rowen and it holds an edge pretty well. Saw a guy cut through a 4"x4" piece of pine and still shave some arm hair and I've cut carpet up with it and it's still been pretty sharp.
Then get a Para2 later
*ESEE only offers micarta scales ( they come with the Izula II and cover the entire frame, you have to buy them separately with the Izula I and they leave the pommel exposed), and you can get the G10 scales third party on The Knife Connection. It would kind of bump the price right up to the range of the Para2 though.