More New Businesses Registering with NY Department of State Than a Year Ago

New Corporation & LLC Filings Are Up; Strong Gains for New Licensees in Real Estate & Security Guards

ALBANY (09/16/2010)(readMedia)-- Acting Secretary of State Ruth Colon today announced that the Department of State's Division of Corporations saw a seven percent rise in the number of newly registered business entities in August 2010 over August 2009. The number of new business that registered with the Department of State in the last year (Sept. 2009 – Aug. 2010) increased more than three percent over the number that registered the year before (Sept. 2008 – Aug. 2009).

Meanwhile, the agency's Division of Licensing Services licensed 7,577 New Yorkers last month, a nearly 26 percent increase from Aug. 2009. Included in those numbers are a 32 percent increase in the number of newly licensed real estate brokers and salespeople, a 22 percent increase in security guards and a 15 percent increase in appearance enhancement professionals (such as cosmetologists, estheticians and nail stylists) – as compared to the same period last year.

A month-over-month comparison of new entity filings for business corporations, not-for-profits, limited liability companies, limited partnerships and limited liability partnerships can be found below:

Type of new business entity Aug. 2010 Aug. 2009 Percent change
Business corporations 5,841 5,539 +5.5
Not-for-profit corporations 470 417 +12.7
Limited liability companies 4,446 4,100 +8.4
Limited partnerships 112 87 +28.7
Limited liability partnerships 16 17 -5.9
Total no. of new entities 10,885 10,160 +7.1

Below is a year-over-year comparison for the same business classifications:

Type of new business entity Sept. 2009 – Aug. 2010 Sept. 2008 – Aug. 2009 Percent change
Business corporations 70,654 70,233 +0.6
Not-for-profit corporations 4,832 5,012 -3.6
Limited liability companies 54,983 50,859 +8.1
Limited partnerships 1,099 1,140 -3.6
Limited liability partnerships 272 302 -10.0
Total no. of new entities 131,840 127,546 +3.4

A month-over-month comparison of new licensee filings for appearance enhancement businesses and operators, including cosmetology, esthetics, natural hair styling, nail specialty and waxing; real estate brokers and salespersons; and security guards can be found below:

Type of new licensee Aug. 2010 Aug. 2009 Percent change
Appearance enhancement operators 1,599 1,391 +15.0
Real estate brokers / salespeople 1,174 890 +32.0
Security guards 2,759 2,254 +22.4
Total number of new licensees** 7,577 6,025 +25.8

** For a complete list of whom DOS licenses, please see the end of the release

Below is a year-over-year comparison for the total number of licensees:

Type of licensee Total as of Aug. 2010 Total as of Aug. 2009 Percent change
Appearance enhancement operators 173,161 169,764 +2.0
Real estate brokers / salespeople 112,355 118,882 -5.5
Security guards 159,351 147,620 +7.9
Total no. of licensees in NYS** 801,176 795,007 +0.8

The Department of State's Division of Corporations files and maintains documents relating to business entities that are formed under the laws of New York State or authorized to do business under the laws of the state – in addition to the new entity filings listed above. The Division receives applications to register a business' name and receives certificates of amendment, such as changes in address or registered agent, as well as certificates of incorporation, merger and dissolution.

The Department of State's Division of Licensing Services plays an important role for consumers, occupational licensees and applicants and the business community in New York State. The Division is responsible for the licensure, registration and/or regulation of the following: real estate brokers and salespersons; barber shops and practitioners; appearance enhancement businesses and practitioners; private investigators; watch guard or patrol agencies; security guards; bail enforcement agents; central dispatch facilities; document destruction contractors; ticket resellers; security and fire alarm installers; hearing aid dispensers; apartment information vendors; apartment sharing agents; real estate appraisers; notaries public; bedding manufacturers and used bedding sellers; armored car carriers and guards; coin processors; home inspectors; telemarketers; athlete agents and pet cemeteries.

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