SoS reports steady growth in new businesses

JACKSON — The number of new businesses forming in Mississippi shows an upward trend of steady growth, according to a report from the Secretary of State’s Office.

“As we move past this economic recession, more and more businesses want to set up shop in Mississippi, and the numbers show it,” Secretary of State Delbert Hosemann.

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 LLCs.

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