Sole Proprietor Ownership Statistics

Sole proprietor ownership statistics show that the majority of businesses in the United States are structured as sole proprietorships.

Statistic 1

"Over 70% of all United States businesses operate as sole proprietorships, according to the Small Business Association (SBA)."

Sources Icon

Statistic 2

"There are more than 23 million sole proprietorships currently operating in the United States."

Sources Icon

Statistic 3

"Sole proprietorship constitutes nearly three-quarters of all businesses in the U.S."

Sources Icon

Statistic 4

"Sole proprietorships pay a higher tax rate on average, at about 13.3%, compared to 17.8% for incorporated businesses."

Sources Icon

Statistic 5

"The percentage of sole proprietorships in Australia is 62%."

Sources Icon

Statistic 6

"As of 2021, the number of sole proprietors has been consistently falling in the U.K., with 14.8% of all businesses being sole proprietorships."

Sources Icon

Statistic 7

"Sole Proprietorships represent 80% of businesses in Canada."

Sources Icon

Statistic 8

"Sole proprietorships are the most common form of business in the Philippines, making up 90% of all registered companies."

Sources Icon

Statistic 9

"In 2021, 13.5% of sole proprietorships in India were within the manufacturing sector."

Sources Icon

Statistic 10

"As of 2021, in the US, sole proprietorships make up 86.4% of nonfarm businesses."

Sources Icon

Statistic 11

"In Singapore, the number of sole proprietorships decreased by 6% from 2019 to 2021."

Sources Icon

Statistic 12

"In Ireland, 76.5% of businesses are sole proprietorships, with a total of nearly 200,000 businesses."

Sources Icon

Statistic 13

"The total number of sole proprietorships in the Netherlands rose by 7% in 2020 compared to the previous year."

Sources Icon

Statistic 14

"In Hungary, 52.8% of businesses are sole proprietors."

Sources Icon

Statistic 15

"As of 2020, in China, individual sole proprietorships made up to 39.7% of the total enterprise units."

Sources Icon

Statistic 16

"In Italy, about 56% of companies are sole proprietorships."

Sources Icon

Statistic 17

"In Spain, around 1.6 million are sole proprietorships, representing more than half of the total businesses."

Sources Icon

Statistic 18

"In France, the number of sole proprietorships grew by 5.7% between 2019 and 2020."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!