Missouri Business Creation Filings Hit 20-Year High In 2013

Jason Kander | Photo from jasonkander.com
Jason Kander | Courtesy of jasonkander.com

More business filed for incorporation in Missouri in 2013 than any of the previous 20 years, according to a news release issued Wednesday by Missouri Secretary of State Jason Kander’s office.

In 2013, 47,463 filings to incorporate for-profit businesses were filed with the Secretary of State’s office. That number is up from 45,384 filings in 2012, and is the highest number of filings in the last 20 years according to figures released by Kander’s office. Overall, the state’s rate of business filings was up 4.6 percent over 2012.

The gain from 2012 to 2013 came from the formation of limited liability companies, with 41,762 filings in 2013 versus 39,226 filings in for LLCs in 2012. That marked an overall increase of 6.4 percent. All other types of corporation filings were down in 2013 compared to 2012.

Close corporations and limited partnership filings decreased the most, at 27 and 24 percent fewer than 2012, respectively. General business filings were down 5.8 percent and LLP filings were down 3 percent. Professional corporation filings were down 10 percent.

The figures released by the secretary of state do not include non-profit company filings or fictitious name registrations.

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