New Business on the Rise in MS
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 steady growth.
"As we move past this economic recession, more and more businesses want to set up shop in Mississippi, and the 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."
The statistics show Mississippi businesses prefer the Limited Liability Company (LLC) structure to a corporate structure. Corporate formations have decreased from 3,819 per year in 2010 to 3,572 last year. New LLC formations rose to 14,918 from 12,005 in 2010. Mississippi currently has 48,488 corporations registered to do business in the State and 77,704 LLC's.
"We believe legislative amendments to Mississippi's LLC law, now considered one of the foremost in the country, have further spurred this growth," adds Secretary Hosemann.