COLUMBUS — Secretary of State Jon Husted announced Friday that 6,922 new entities filed to do business in Ohio in July 2014.
These numbers are down compared to July 2013, in which 7,311 new entities filed with the Secretary of State. The Secretary of State’s office has assisted with 56,176 new business filings to date in 2014 (January-July). This is an increase from the same time period last year, in which there were 55,229 new business filings.
During the previous two years, 2012 and 2013, the state saw a record-setting number of new businesses file with 88,068 and 89,735 new companies filing to do business in Ohio respectively. Growth in online business filings has been steady and available online services continue to be expanded. Since the program’s launch in October 2013, more than 20,500 filings have been submitted and one in three new companies are now started online in Ohio.
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 can’t provide a complete picture of Ohio’s jobs climate, they are an important indicator of economic activity that Secretary Husted hopes will add to the discussion of how to improve the state’s overall climate for business.
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.