There were a total of 27.2 million nonemployer businesses with $1.3 trillion in receipts in 2020.
United States Census Bureau [ [link removed] ]
*Census Bureau Releases Nonemployer Business Data by Demographic Characteristics of Owners*
Women owned 41.1% (11.2 million) and minorities owned 36.7% (10 million) of the nation?s nonemployer businesses (those without paid employees) and had $307.9 billion and $345.1 billion, respectively, in receipts in 2020, according to the new Nonemployer Statistics by Demographics [ [link removed] ] (NES-D) released today by the U.S. Census Bureau. There were a total of 27.2 million nonemployer businesses with $1.3 trillion in receipts in 2020.?
In addition to demographic characteristics of nonemployer business owners, this release also includes data by urban and rural classification, receipt size of firm, and legal form of organization (e.g., sole proprietorships and partnerships).
NES-D [ [link removed] ]
The NES-D is an annual statistical series that uses existing administrative records and census data to link demographic characteristics of owners to the universe of nonemployer businesses. Nonemployer?businesses are those without paid employees and are subject to federal income tax,?with receipts of $1,000 or more.?
Continue reading to explore highlights for nonemployer businesses in 2020.
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*Infographic*: High Rises and Hill Sides, Number of Urban and Rural Nonemployer Firms by Minority Status [ [link removed] ]
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