COLUMBUS – Ohio Secretary of State Frank LaRose today announced 12,129 new entities filed to do business in Ohio in January, an increase of 2,054 when compared to the same month in 2018.
January’s numbers indicate a strong start to 2019, building off yet another record setting year for business filings in 2018.
“Ohio’s economy is strengthened when a business chooses to establish its roots right here in Ohio, and these numbers are a very positive indicator that entrepreneurs are looking to make a home in Ohio,” said LaRose.
Ohio is also seeing a significant amount of Ohioans taking advantage of quick-and-easy online filings through Ohio Business Central. Last month, online filings made up 83% of all business filings.
Though the most visible role of the Secretary of State is that of chief elections officer, the office is also the first stop for individuals or companies who want to file and start a business in Ohio. While recognizing these numbers don’t provide a complete picture of Ohio’s economic climate, they are an important indicator of economic activity that Secretary LaRose hopes will add to the ongoing discussion of how to improve the state’s overall climate for business.
NOTE: 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, non-profit 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.
Editor’s Quick Facts:
- 12,129 new entities filed to do business in Ohio throughout January 2019, and increase of 3,335 from the previous month and 2,054 from the same month in 2018.
- Compared to the same month last year, new businesses are up 20.4 percent.
- 83% of all business filings were done online in January 2019.