Ohio New Business Filings Set Record in August
COLUMBUS, Ohio – After new business filings broke all previous records in June and then again in July with the most new business filings in one month, Ohio entrepreneurs continued the trend in August.
Ohio Secretary of State Frank LaRose reported Thursday that 18,659 new businesses filed start-up documents in August – a few hundred more than the short-lived record from the previous month.
Comparatively, the number of new businesses created in August is a 72.5% increase over August 2019.
“It’s no surprise that Ohioans continue to start their own businesses at a record pace this year,” said LaRose in a statement. “When faced with this historically challenging time, we as a state go the extra mile to create value in the free-market economy for our families and communities. So remember to do your part to support small business and help your fellow Ohioans succeed.”
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, the secretary of state’s office points out.
Published by The Business Journal, Youngstown, Ohio.