Economic Development

Ohio New Business Filings Way Up in March

COLUMBUS, Ohio — The month of March proved to be another big one for new entities filing to do business in Ohio, the office of Secretary of State Jon Husted reported Monday. In fact, last month was the second-best month in history with 11,690 new entities filing documents.

The best month on record for new business filings remains March 2017, which saw a total of 12,827 entities formed.

The first quarter of 2018 saw a total of 31,399 new entities register, compared to 33,084 filings received over the same period in 2017, according to Husted’s office.

In 2017, 117,429 filed new-business documents, surpassing the previous record set in 2016 of 105,009. Last year also marked the eighth consecutive year the state has seen a record number of new business filings. In all, Ohio has seen a rise of 46.3% in document filings from 2010 to 2017.

New business filings 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.

Published by The Business Journal, Youngstown, Ohio.