Fewer New Entities File to Do Business in Ohio

COLUMBUS, Ohio — Some 7,521 new entities filed to do business in Ohio on July, the office of the secretary of state, Jon Husted, announced Monday, more than 1,800 fewer than July 2015 when 9,348 filed.

The July numbers also show that more than 2,500 more entities have filed to do business during the first seven months than at the same point in 2015, setting the state on course for a record year for new-businesses filings. Between 2010 and 2015, Ohio saw a 21.8% increase in new-business filings, according to Husted’s office.

Ohio Business Central, launched in 2013, allows new businesses in Ohio to be filed online. More than half of all businesses are filed via the secretary of state’s website.

The fee to file a new business online is $99, making Ohio the least expensive state in the region to start a business, the office said.

New business filings are submitted to the Ohio secretary of state for the owners or their attorneys to declare the formation of a business entity: for-profit, nonprofit, professional corporations, limited liability companies, partnerships, limited partnerships and limited-liability partnerships. Filing as a business in Ohio does not ensure that the entity will begin operations, be profitable or create jobs, Husted notes.

Copyright 2022 The Business Journal, Youngstown, Ohio.