GITNUX MARKETDATA REPORT 2024

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)."

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Statistic 2

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

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Statistic 3

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

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Statistic 4

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

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Statistic 5

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

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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."

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Statistic 7

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

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Statistic 8

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

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Statistic 9

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

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Statistic 10

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

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Statistic 11

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

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Statistic 12

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

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Statistic 13

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

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Statistic 14

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

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Statistic 15

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

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Statistic 16

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

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Statistic 17

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

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Statistic 18

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

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