Secretary of State: Ohio hits record number of new business filings
Jay Warren, Jay.Warren@wcpo.com
2:47 PM, Feb 25, 2013
3:46 PM, Feb 25, 2013
CINCINNATI - The number of new companies that filed in Ohio in 2012 set a record for the state according to the Ohio Secretary of State. In total, 88,068 new entities filed to do business last year – the most in the state's 209 year history.
"More companies choosing to do business in our state helps grow our economy and increases job prospects for people across Ohio," Secretary Husted said. "My office will continue our efforts to make setting up a business in Ohio as easy as possible."
Husted also noted that more than 2.1 million new businesses have filed with Ohio since it officially became a state in 1803.
Last month, Husted announced that 2012 year-end filing figures for new businesses showed three consecutive years of growth. Data showed that the number of new companies that filed with the state increased 16.5 percent from 2009 to 2012.
According to the Ohio Secretary of State website, new business filings are classified as forms filed with the secretary's office 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, the website adds.