LINCOLN, Neb. -- (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.xml
Twitter:
http://twitter.com/nebraskagov
Facebook:
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.
Contacts:
Nebraska.gov
Carmen Easley, 402-471-2154
Director
of Marketing and Operations
carmen@egov.com
Source: Nebraska.gov
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