On February 23, 2026, Ohio Governor Mark Thompson signed a series of bills that aim to modernize and streamline corporate law in the state. The new legislation, which was championed by the Ohio Chamber of Commerce and various business advocacy groups, is intended to make it easier for businesses to operate in Ohio and attract investment to the state.One of the key provisions of the new legislation is the simplification of the process for forming and registering a business in Ohio. Under the new law, businesses will be able to register online through a streamlined digital platform, reducing paperwork and bureaucratic hurdles. This change is expected to make Ohio a more attractive destination for entrepreneurs and small business owners looking to start or relocate their businesses.Another important change brought about by the new legislation is the expansion of the types of business entities that can be formed in Ohio. In addition to traditional corporations and limited liability companies, the new law allows for the formation of benefit corporations, which are businesses that are legally required to consider the impact of their decisions on society and the environment, in addition to maximizing shareholder value. This move reflects a growing trend towards socially responsible business practices in the corporate world.Additionally, the new legislation includes provisions aimed at making it easier for businesses to raise capital through crowdfunding and other alternative financing methods. By reducing regulatory barriers and increasing flexibility in fundraising, the new law is expected to help businesses access the capital they need to grow and create jobs in Ohio.Overall, the new corporate law legislation in Ohio represents a significant step forward in creating a more business-friendly environment in the state. By streamlining processes, expanding entity options, and facilitating access to capital, the new laws aim to position Ohio as a competitive and attractive location for businesses of all sizes. Time will tell what impact these changes will have on the state's economy, but early signs suggest that they could pave the way for increased investment and growth in Ohio's business community.