A total of 10,712 new entities filed to do business in Ohio during May, an increase of 2,116 when compared to the same month in 2016, according to Ohio Secretary of State Jon Husted’s office.
That makes May the second best month for new business formation in Ohio’s history with March 2017 being the best month.
So far, 53,345 new entities have filed to do business in Ohio in 2017. Due to the use of Ohio Business Central, the online business filing site founded by Husted in 2013, this number continues to climb.
Already in 2017, three out of every four entities founded were started online. From the time Ohio Business Central was launched until the end of May, the Secretary of State’s Office has processed over 253,033 online filings.
May 2017 marked 19 months since Secretary Husted reduced the cost of starting and maintaining a business in the Buckeye State by 21 percent. This change has saved Ohio businesses over $4 million to date.
Earlier this year, Husted’s office announced that 2016 was the seventh consecutive year the state has seen a record number of new entities filing to do business in Ohio.