Government

Ohio New Business Filings Slip in April

COLUMBUS, Ohio — The number of new entities filing to do business in Ohio during the month of April was down from March, reports Ohio Secretary of State Jon Husted. In April documents were filed by 8,893 new entities compared to 10,102 in March – a record-breaking month – and 8,970 in April 2014.

Through the first four months of 2015, Ohioans have created 34,418 new businesses, which keeps the state on track for a record-breaking year, Husted said. At the same point in 2014, 33,774 new business entities were formed.

According to Husted’s office, more than 80% of all business filings are done online with one in two companies now being established electronically through the Ohio Business Central service.

New business filings are classified as forms filed with the Ohio secretary of state that declare the formation of a business entity, including for-profit, nonprofit and professional corporations, limited liability companies, partnerships, limited partnerships and limited liability partnerships. Filing as a business in Ohio does not guarantee the company will begin operations, be profitable or create jobs, Husted notes.

Published by The Business Journal, Youngstown, Ohio.