Sole Proprietorship Statistics & Numbers Must-Know in 2024

ByYaqub M. (CBC) Updated on

How Many Businesses in the US are Sole Proprietorships?

How many sole proprietorships are there in the United States?

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: (1-Government Accountability Office, Census Bureau) 

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.

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