Ohio Posts Consecutive Months of Record New Business Filings
COLUMBUS, Ohio — In May 2021 there were 20,135 new business filings in Ohio, marking the second consecutive month of record new business filings that surpassed 20,000.
“With 171,000 new businesses created last year during the pandemic and almost 100,000 new businesses already created in the first five months of 2021, Ohioans continue to defy expectations and demonstrate the pioneer spirit of risk-taking and entrepreneurship that is getting our economy back on track,” Secretary of State Frank LaRose said in a press release. “Even amid all this uncertainty as we finally reopen the state, Ohioans continue to follow their dreams in record numbers, creating businesses and enterprises that they can pour their grit and passion into for a future for themselves and their families.”
So far in 2021, Ohio has broken new business filing records each month. Establishing a new business can be done through OhioBusinessCentral.gov.
Last month’s new business filings are up 56% from May 2020 when 12,892 filings were created.
New business filings are classified as formed 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, partnership, 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, according to the release.
Published by The Business Journal, Youngstown, Ohio.