2017 set a record for new business filings in Ohio

Written on Jan 11, 2018

Ohio set a record in 2017 for the number of firms wanting to do business in the Buckeye State.

Secretary of State Jon Husted announced that 8,558 new entities filed to do business in Ohio in November – 826 more than in November 2016. As of mid-December, 108,547 new businesses have filed, exceeding 2016’s record total of 105,009 by more than 3,500.

“We’ve made it easier than ever to start a business, and as a result more and more entrepreneurs are choosing Ohio as the place to set up shop,” Husted said. “Not surprising when you consider all we have done to reduce processing times, cut filings fees and improve customer service.”

Much of the success can be traced to Ohio Business Central, the online business filing site Husted founded in 2013. Thanks to Ohio Business Central, 3 of every 4 new businesses are now started online.

Since October 2015, the cost of starting and maintaining a business in Ohio has been cut 21%, saving businesses more than $5.3 million.

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.

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