New Business Filings Up In 4th Quarter

Friday, 1 February 2019

New business filings increased more than 10 percent in the fourth quarter of 2018 compared to the previous year, according to a new report released Thursday by Tennessee Secretary of State Tre Hargett. This marked the fourth consecutive quarter of new business increases in excess of 10 percent in Tennessee.

The Tennessee Quarterly Business and Economic Indicators report showed that 9,837 new entity filings were recorded in the final quarter of 2018 and a total of 42,914 new entity filings were processed by the Secretary of State’s Division of Business Services the entire calendar year.

Tennessee has recorded 29 consecutive quarters of positive year-over-year growth in the number of new business filings.

Statewide, new filings of domestic limited liability corporations (LLCs) saw the strongest growth in fourth quarter 2018, expanding 13.4 percent over fourth quarter 2017.

The state also recorded 13,491 annual report filings by existing businesses in Tennessee in fourth quarter 2018 – an 8.8 percent increase over the same time period in 2017.

The Tennessee Quarterly Business and Economic Indicators report is published through a partnership created through a partnership with the Secretary of State’s office and the Boyd Center for Business & Economic Research at the University of Tennessee, Knoxville.