Small Business Statistics & Data
Data-driven insights about LLC formation, state comparisons, industry trends, and more. All statistics are sourced from government data, industry reports, and verified research.
Key Small Business Metrics
Small Businesses in US
33.2M
Total small businesses operating in the United States
Employees
61.7M
People employed by small businesses nationwide
of GDP
44%
Small business contribution to US economic activity
New Businesses/Year
1.5M
Average new business applications filed annually
Featured Statistics
Our most popular and frequently updated statistics to help you understand the small business landscape
How Many LLCs Are Formed Each Year?
Annual LLC formation trends, growth rates, and projections for the United States.
View StatisticsAverage Cost of Forming an LLC by State
Complete breakdown of LLC formation costs across all 50 states, including filing and annual fees.
View StatisticsTop 5 States Where Small Businesses Start Fastest
States with the quickest LLC formation processing times and most efficient systems.
View StatisticsAll Statistics by Category
LLC Formation Statistics
How Many LLCs Are Formed Each Year?
★Annual LLC formation trends, growth rates, and projections for the United States.
Average Cost of Forming an LLC by State
★Complete breakdown of LLC formation costs across all 50 states, including filing and annual fees.
Single-Member vs Multi-Member LLCs
Distribution and trends of LLC ownership structures across the country.
State Business Statistics
Top 5 States Where Small Businesses Start Fastest
★States with the quickest LLC formation processing times and most efficient systems.
Most Business-Friendly States
Ranking states by tax burden, regulations, and ease of doing business.
States with No Annual LLC Fees
Complete list of states that don't charge yearly fees for LLC maintenance.
State-by-State LLC Cost Comparison
Compare LLC formation costs, processing times, and requirements across all 50 states
Lowest Cost
Kentucky
$40
Highest Cost
Massachusetts
$500
National Average
All States
$123
No Annual Fee
11 States
$0/year
Our Data Sources & Methodology
Verified Sources
- • U.S. Small Business Administration (SBA)
- • U.S. Census Bureau Business Statistics
- • State Secretary of State Offices
- • Bureau of Labor Statistics
Our Methodology
- • Monthly data updates and verification
- • Cross-reference multiple sources
- • Clear citation of all data sources
- • Transparency about data limitations
All statistics are updated regularly. Last comprehensive update: October 2025
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