Sole Proprietorship Statistics: Must-Know in 2024

ByYaqub M. (CBC) Updated on
LinkedInCopy

How Many Businesses in the US are Sole Proprietorships?

According to the most recent data from the U.S. Census Bureau, there were 834,711 sole proprietorships in the United States in 2021. About 10.24% of all businesses in the country that year were in this group.

Sole Proprietorship perctagePin

Sole Proprietorship Statistics: Key Numbers

  • There are over 834,711 sole proprietorships currently operating in the United States.
  • 10.24% of U.S. businesses are owned and operated by sole proprietors.
  • RS attributes approximately $80 billion in unpaid taxes to sole proprietors underreporting income each year.

Sources: (Government Accountability Office, Census Bureau) 

To learn more about small business, we would recommend checking our small business statistics page to learn more.

I am Founder of BusinessDIT, SEO Consultant, Certified Business Consultant by USIDHR and BA from the City University of New York. I bring a four-year experience of boosting online presence. My passion lies in empowering small businesses to excel in the digital arena.

Leave a Reply