More Ohioans Are Forming Businesses Than Ever Before

Despite - or perhaps because of - the COVID-19 pandemic, Ohioans are forming new businesses like never before. Almost 20,000 new business filings were made with the Ohio Secretary of State in March 2021 - more than any single month in Ohio’s history.

This monthly record follows on the heels of a new annual record set in 2020. Last year, the Ohio Secretary of State reported a record 171,073 new business filings, far outpacing the next highest total of 130,621 set in 2019. These new businesses included limited liability companies, partnerships, non-profit and for-profit corporations, and other entities, all of which are legally formed by filing paperwork with the Secretary of State Business Services Division.

Of course, every business structure has pluses and minuses. Contact our office to help determine which structure is right for your business.