More than half a million business formations recorded across the U.S. as entrepreneurs push forward despite uncertainty
Registered Agents, Inc has released its March Business Formation Report, a monthly resource providing detailed insights into national and state-level business formation trends. The latest report shows a significant increase in new business starts, with 507,222 new formations recorded in March — a 7% increase over February and a 5% rise year over year.
This surge marks one of the strongest single-month gains in recent years and underscores a growing national trend: entrepreneurs are launching new ventures across a wide range of industries and regions, regardless of continued economic and policy uncertainty. Business formations were up in 45 states, spanning urban centers, rural communities and mid-sized markets. The Q1 2025 total reached 1.38 million, reflecting a 3.3% increase over Q1 2024.
“This quarter’s data shows that we’re not just seeing one-off momentum, we’re seeing a nationwide trend take hold,” said Jon Garrison, Treasurer at Registered Agents, Inc. “Business formation is rising in virtually every region, and the numbers from March suggest that many Americans are done waiting for perfect conditions. They’re building now, whether that’s in major metros or smaller markets with policy tailwinds.”
State-level insights from the March report include:
- Colorado: Business starts increased 48% from February and 13% compared to March 2024.
- Minnesota: Up 49% from the previous month and 21% year over year.
- Oklahoma: Formations rose 31% month over month and 41% year over year.
- Delaware: Posted a 12% monthly increase and 15% year-over-year growth following the passage of Senate Bill 21, which updated the General Corporation Law.
- Florida: Registered more than 61,000 new businesses, up 16% month over month and 10% year over year.
- Texas: Despite a modest monthly dip, business starts were still 12% higher than March 2024.
- Washington: Saw a 32% monthly decline after a strong February, but remained 10% above March 2024 levels.
“These aren’t isolated hotspots or geographic anomalies,” Garrison added. “What we’re seeing is an increasingly distributed and durable resurgence in entrepreneurship, the kind that builds long-term economic resilience across sectors and states.”
The full March 2025 Business Formation Report, including interactive state-level comparisons, historical trend data and detailed national insights, is now available. We encourage readers to explore the full report for a deeper look at the economic forces shaping entrepreneurship across the country. *Data for New Mexico, New Hampshire, and Utah is still being finalized. While these figures will be incorporated into future updates, we do not expect them to significantly impact the overall trends presented in this edition of the report.
About the Monthly Business Formation Report
Registered Agents Inc’s business formation data is calculated from data aggregated from federal and state Corporations Division data alongside our own research. We looked at rolling 12-month totals and compared year-over-year changes for March between 2024 and 2025. All data is reviewed continuously and may be refined as new information emerges.
About Registered Agents Inc
Registered Agents Inc helps more businesses get started, and stay protected, than anyone else. As the leading provider of privacy-focused business formation and compliance services, we're trusted by more than one million entrepreneurs nationwide. Our streamlined platform enables entrepreneurs to launch their company, domain, website, phone number, and professional email in just 10 minutes. Backed by decades of experience, we prioritize secure identity creation and low-profile support so business owners can grow on their own terms. At Registered Agents Inc, outcomes, not headlines, define our success.
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