Economic Development

Record Number of Entities File Startup Documents

COLUMBUS, Ohio — More new entities filed startup documents during the month of March to do business in the Buckeye State than during any other month in state history.

“It’s a significant milestone, and one that wouldn’t happen without a business environment that encourages entrepreneurs to take chances — to innovate and grow,” said Ohio Secretary of State Frank LaRose in announcing the record-setting number.

New business filings totaled 13,747 in March — 873 more than the previous record set in April 2018.

“We’re going to continue doing everything we can to empower Ohioans to succeed,” LaRose said.

According to the secretary of state’s office, the top five filing months to date are:

  1. March 2019: 13,747 new business filings.
  2. April 2018: 12,874 new business filings.
  3. March 2017: 12,827 new business filings.
  4. January 2019: 12,129 new business filings.
  5. May 2018: 12,082 new business filings.

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 routinely stipulates in announcing the monthly numbers.

Published by The Business Journal, Youngstown, Ohio.