New Business Filings, New Licensee Numbers Rise in Second Quarter

ALBANY, NY (07/16/2010)(readMedia)-- New York Secretary of State Lorraine Cortés-Vázquez today announced that the agency's Division of Licensing Services licensed nearly 5,000 more New Yorkers (about 24 percent) in the second quarter of 2010 than in the second quarter of 2009. These second quarter numbers include strong gains in security guards (69.9 percent increase), appearance enhancement professionals (27.3 percent increase) and even real estate salespeople and brokers (1.5 percent increase).

Meanwhile, the Division of Corporations saw a two percent rise in the number of newly registered business entities in June 2010 over June 2009 and a 4.5 percent rise in new business filings in the second quarter of 2010 as compared to last year's second quarter.

"These monthly and second quarter numbers reflect the work that the Department of State is doing to ensure that more people have the training and tools they need to find a job or start a new business in New York," Secretary Cortés-Vázquez said. "Additionally, Governor Paterson announced the creation of a $50 million Small Business Revolving Loan Fund last week that will provide capital to entrepreneurs having difficulty accessing regular credit markets. Putting small businesses in a position to succeed is critical for our state's economic recovery."

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 June 2010 June 2009 Percent change
Business corporations 6,147 6,259 -1.8
Not-for-profit corporations 434 459 -5.4
Limited liability companies 4,921 4,543 +8.3
Limited partnerships 71 81 -12.3
Limited liability partnerships 21 18 +16.7
Total no. new business entities 11,594 11,360 +2.1

Below is a comparison for the same business classifications between the second quarter of 2009 and the second quarter of 2010:

Type of new business entity Apr. – June 2010 Apr. – June 2009 Percent change
Business corporations 18,713 18,414 +1.6
Not-for-profit corporations 1,239 1,309 -5.3
Limited liability companies 14,518 13,224 +9.8
Limited partnerships 235

256

 -8.2
Limited liability partnerships 69 64 +7.8
Total no. new business entities 34,774 33,267 +4.5

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

Type of new business entity June 2009 – May 2010 June 2008 – May 2009 Percent change
Business corporations 68,967 71,835 -4.0
Not-for-profit corporations 4,565 4,692 -2.7
Limited liability companies 49,940 51,979 -3.9
Limited partnerships 938 1,331 -29.5
Limited liability partnerships 282 285 -1.0
Total no. new business entities 124,692 130,122 -4.1

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 June 2010 June 2009 Percent change
Appearance enhancement operators 2,693 1,630 +65.2
Real estate brokers / salespeople 1,042 997 +4.5
Security guards 2,471 2,116 +16.8
Total number of new licensees** 8,626 6,983 +23.5

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

Below is a comparison for the same business classifications between the second quarter of 2009 and the second quarter of 2010:

Type of new licensee Apr. – June 2010 Apr. – June 2009 Percent change
Appearance enhancement operators 6,319 4,962 +27.3
Real estate brokers / salespeople 3,282 3,234 +1.5
Security guards 9,299 5,474 +69.9
Total number of new licensees** 25,312 20,485 +23.6

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

Type of licensee Total as of June 2010 Total as of June 2009 Percent change
Appearance enhancement operators 173,164 169,611 +2.1
Real estate brokers / salespeople 111,373 120,010 -7.2
Security guards 159,087 148,848 +6.9
Total no. of licensees in NYS** 801,545 795,995 +1.1

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.