Texas sees double-digit growth for February new business filings
AUSTIN, March 10, 2016 - In addition to an extra day, this February brought more than a 17 percent leap in the number of business formations processed by the Office of the Texas Secretary of State compared to a year ago.
“More and more businesses are forming in Texas because of our friendly business climate,” said Secretary of State Carlos Cascos. “Business owners take into consideration the state’s fair legal system, economic strength and low taxes when deciding to relocate or begin their businesses in Texas.”
A total of 15,325 certificates of formation were filed with the Texas Secretary of State in February, creating new for-profit corporations, professional corporations, professional associations, limited liability companies and limited partnerships. This represents a 17.83 percent increase over February 2015, which saw the formation of 13,006 new business entities. These numbers exclude non-profit entity formations.
The double-digit growth also denotes a 7.31 percent increase from January 2016 for-profit business formation totals.
For more information on starting a business in Texas, visit our website at www.sos.texas.gov or contact the Business and Public Filings Division at 512-463-5555.