Husted Reports Record Business Filings in 2015

COLUMBUS, Ohio — Ohio Secretary of State Jon Husted today announced that 2015 marks the sixth consecutive year the state has seen a record number of new entities filing to do business in Ohio.

In 2015, 97,746 new businesses registered with Husted’s office, surpassing the record – by 3,971 – set in 2014 of 93,775 new entities .

“We’re offering better customer service at a lower cost, which is just one of the many things that are helping to make Ohio a more attractive place to invest resources and hire workers,” Husted said in a prepared statement.

Last year, at Husted’s urging, the state legislature reduced the cost of starting a new business in Ohio by 21%, a reduction estimated to save business owners $2 million annually, according to his office.

In addition, fewer entities are receiving rejected applications, Husted said. Just 24,671 applications were rejected in 2015, a 24.4% decrease from the 32,655 applications that were turned away in 2010.

Business filings are most commonly rejected because the filer has not met all of the legal requirements. The new,online forms instituted under Husted alert a filer of mistakes or omissions before it is submitted, increasing the odds that the application is processed correctly on the first attempt.

“A record number of entrepreneurs are filing to do business in Ohio and far fewer of them are being held up by burdensome paperwork,” Husted said. “We’ve used technology to cut the red tape and more businesses have chosen to do business with us. If we have more businesses, we have more jobs and that’s good for Ohio.”

Pictured: Chart provided by Husted’s office.

Copyright 2021 The Business Journal, Youngstown, Ohio.