Ohio Sets Record in 2019 for New Business Filings

COLUMBUS, Ohio – A record number of new businesses – 130,621 00 filed start-up documents last year with the Ohio secretary of state, a gain of 5,417 compared to 2018, when the previous record was set.

“Business drives job creation,” said Frank LaRose, secretary of state, in releasing the numbers.“Crossing the 130,000 new business threshold and setting a new Ohio record emphatically speaks to Ohio’s reputation for entrepreneurship, But we can’t rest on our laurels. We’re going to be doing our part to continue innovating and making sure the men and women who are driving this surge in business creation have the resources they need to grow and succeed.”

In December, 9071 new entities filed to do business in Ohio.

New business filings are classified as forms 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.

Published by The Business Journal, Youngstown, Ohio.