Trends Point to Positive Growth in Nebraska Business
14 Mai 2015 - 12:00PM
Business Wire
More companies are doing business in Nebraska, states Secretary
of State John Gale. Overall, the numbers are growing, but
especially for one entity type in particular. Filings for domestic
limited liability companies (LLCs) jumped 16 percent between 2013
and 2014. They went up 13 percent during that same time period for
foreign LLCs.
“New businesses enterprises prefer the LLC over a domestic
corporation due to the increased flexibility, less formalized
operational requirements and greater ease of dissolving.
Additionally, the investors are usually the managers,” explained
Gale. “I think this increase in domestic LLCs is a good marker and
reflects a robust entrepreneurial drive across Nebraska to start
new businesses.”
Since 2009, domestic LLC filings have gone up 79 percent. There
were 50,948 on file at the end of 2014. At the same time
formulation of business corporations have continued to fall off. In
2009 there were 45,323 domestic business corporations on file. As
of last year, there were 39,719. Gale noted the same trend was true
among foreign LLCs – they have increased 58 percent in five
years.
Among the most popular business entity types in Nebraska, growth
increased four percent from 2013 to 2014. They include foreign and
domestic corporations, nonprofits, LLCs, limited liability
partnerships (LLPs), and limited partnerships (LPs). Among those
categories, there were a total of 130,590 entities on file at the
end of the year. They included two businesses which were created
under a class of entities approved by the state legislature in 2014
known as benefit corporations.
“These are for profit companies that promote social
responsibility as part of their corporate purpose,” added Gale.
When it comes to filing annual and biennial reports with the
Secretary of State’s office, growth has been steady for online
services. Combined, domestic and foreign business corporations
filed 8,424 reports online in 2010. In 2014, that number reached
30,953, an increase of 267 percent over three reporting periods
(2010, 2012 & 2014).
The same trend has held true for LLCs. Online filings increased
from 9,056 in 2011 to 14,118 in 2013, a 56 percent increase.
Interestingly, during the same time period, in house filings for
LLCs also went up slightly. But as Gale observed, that is likely
due to the significant increase of LLCs overall in Nebraska.
“The business services division of my office has been very
proactive with launching new online applications to make business
filings accessible 24/7 from Harrison to Falls City for our
owners,” said Gale. “We are pleased the public has responded so
well to this convenient and accessible way to filing reports with
the state.”
Uniform Commercial Code (UCC) filings submitted online by banks
and other financial institutions reached almost 90 percent in 2014.
However, as Gale points out, that online system has been in use
longer than the one currently utilized by business entities. “The
hope is that over time, business entities will also become as
familiar and comfortable with online filing, resulting in that same
type of turnout on an annual and biennial basis, as requirements
dictate.”
Gale serves as chief business officer for Nebraska and has
regulatory authority over all business entities that operate within
the state.
The online filing applications were created by Nebraska
Interactive, LLC contracted by the Nebraska State Records Board
(NSRB) to provide online services for Nebraska government agencies,
including the State’s portal www.nebraska.gov.
Users can find out more about online Government services in
Nebraska through:RSS feeds: http://www.nebraska.gov/rss.xmlTwitter:
http://twitter.com/nebraskagovFacebook:
http://www.facebook.com/nebraska.gov
About Nebraska.gov
Nebraska.gov is managed by Nebraska Interactive, LLC part of
eGovernment firm NIC’s (NASDAQ: EGOV) family of companies.
Nebraska Interactive works with state, county and city agencies to
enable them to conduct business online and improve public access to
government information.
About NIC
Founded in 1992, NIC (NASDAQ: EGOV) is the nation's leading
provider of official government websites, online services, and
secure payment processing solutions. The company's innovative
eGovernment services help make government more accessible to
everyone through technology. The family of NIC companies provides
eGovernment solutions for more than 3,500 federal, state, and local
agencies in the United States. Forbes has named NIC as one of the
“100 Best Small Companies in America” five times, most recently
ranked at No. 11 (2013), and the company has been included four
times on the Barron’s 400 Index. Additional information is
available at http://www.egov.com.
Nebraska.govCarmen Easley, 402-471-2154Director
of Marketing and Operationscarmen@egov.com
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