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Business Formations Increase (02!11!2013)

Business Formations Increase (02!11!2013)

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Published by the kingfish
Mississippi Secretary of State
Mississippi Secretary of State

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Published by: the kingfish on Feb 19, 2013
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11/07/2014

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401 MISSISSIPPI STREETPOST OFFICE BOX 136JACKSON, MISSISSIPPI 39205-0136
For Immediate Release: Tuesday, February 19, 2013Contact: Pamela Weaver, Director of Communicationspamela.weaver@sos.ms.gov / (601) 270-4100
New Business on the Rise in Mississippi
 Business Formations indicate Growth in the State
 Jackson, Miss.
 — 
The number of new businesses forming in Mississippi shows an upward trend of steadygrowth.
“As we move past this economic recession, more and more businesses want to set up shop in Mississippi, andthe numbers show it,” says Secretary of State Delbert Hosemann. “We have unlimited resources in our State,
coupled with an educated, trainable workforce. These numbers show many businesses are taking advantage of 
what Mississippi can offer new industries.”
 Obviously, Mississippi businesses prefer the Limited Liability Company (LLC) structure to a corporatestructure. Corporate formations have decreased from 3,819 per year in 2010 to 3,572 last year. LLC formationsrose to 14,918 from 12,005 in 2010. Mississippi currently has 48,488 corporations registered to do business and
77,704 LLC’s.
 
“We believe legislative amendments to Mississippi’s LLC law, now considered one of the foremost in thecountry, have further spurred this growth,” adds Secretary Hosemann.
 
 
0200040006000800010000120001400016000FY 2007FY 2008FY 2009FY 2010FY 2011FY 2012
New Business Formations 2007 - 2013
CorporationsLLCsLimited PartnershipsNonprofits
TELEPHONE (601) 359-1350FACSIMILE (601) 359-1499

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