United States Articles
WASHINGTON, July 27 (UPI) -- The United States added nearly 1 million businesses with no paid employees from 2003-04 to reach 19.5 million, a 4.7-percent increase.
The Commerce Department also said Thursday that businesses without a payroll make up more than 70 percent of the nation's 27 million-plus firms, with annual receipts of more than $887 billion.
The department has data on 17 million individual proprietorships and on more than 1.3 million corporations and 1.2 million partnerships. Non-employer firms may be run by one or more individuals, can range from home-based businesses to corner stores or construction contractors and are often part-time ventures with owners operating more than one business.
Among the fastest-growing: building finishing contractors, Internet service providers, nail salons, electronic shopping and mail-order houses, lessors of real estate, formal wear and costume rental stores and motorcycle dealers.
Florida led the nation in the growth of these small businesses with a 7.6-percent increase from 2003-04. Georgia climbed to second place with a 7.1-percent increase, while Nevada fell from first to third place with a 6.4-percent increase.
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