Government

Ohio New Business Filings Stay on Upward Trend

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COLUMBUS, Ohio – New business filings rose to  9.834 in June, with 9.834 entities submitting start-up documents – an increase of 1,384 compared to June 2016,  reports the office of Ohio Secretary of State Jon Husted.

Through the first six months of the year, 63,179 new entities have filed to do business in Ohio. With the creation of  the online business filing site in 2013, the number of new business filings continues to climb. Today, three out of every four new entities are started online, Husted’s office reports.

June 2017 also marked 20 months since Husted reduced the cost of starting and maintaining a business in the Buckeye State by 21%. This change has saved Ohio businesses more than $4.3 million to date, he says.

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.

SOURCE: Office of Ohio Secretary of State Jon Husted.

Published by The Business Journal, Youngstown, Ohio.