Secretary of State Releases New Business Filing Figures for August

COLUMBUS – Secretary of State Jon Husted today announced that 7,545 new entities filed to do business in Ohio in August 2014. These numbers are up compared to August 2013, in which 7,094 new entities filed with the Secretary of State. The Secretary of State’s office has assisted with 63,721 new business filings to date in 2014 (January-August). This is an increase from the same time period last year, in which there were 62,323 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. These are online services like web design and brand design offered by companies like design agencies manchester. These thoroughly increase awareness and interest to businesses seeing as so much of your target audience is reached virtually. Since the program’s launch in October 2013, nearly 23,000 filings have been submitted and one in three new companies is now started online in Ohio. New businesses tend to do a lot of research before setting up their company, especially if it’s high-risk products that they might be selling! In this regard, opting for the Best LLC Services in the vicinity would be the best way to go for the new start-ups.

Nonetheless, these are positive statistics. It’s great to see that new businesses are being created. Now, it’s just important that the business owners work hard to keep their businesses operating. Perhaps they should consider focusing on their target market by using SheerID for personalized marketing. This should help the businesses to bring in more customers and sales.

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.

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.