Ohio New Business Filings Up 21.8% YTD
COLUMBUS, Ohio — The office of Ohio Secretary of State Jon Husted reports 8,596 new entities filed to do business during May 2016. This is an increase over May 2015 when 7,945 entities were formed.
Each month of 2016 has surpassed previous records set in 2015, according to Husted’s office. This month’s report reveals that over 4,000 more entities have filed so far in 2016 than at the same point in 2015. Between 2010 and 2015, Ohio saw a 21.8% increase in new business filings.
Husted launched Ohio Business Central in 2013 allowing new businesses to be formed online in Ohio. Today more than half of all businesses are started via the secretary of state’s website.
New business filings are classified as forms filed with the 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.
Copyright 2021 The Business Journal, Youngstown, Ohio.