American Small Business Statistics
One of the most essentially American institutions is the small business. Driven by an unparalleled entrepreneurial spirit, millions of ambitious or independently minded individuals have chosen to seek their fortune under their own power and without the intrusions of an employer.
They are most frequently operating as an unincorporated business, but a substantial number of these ventures grow to necessitate the employment of others. In recent history, small businesses have become the primary source of new job creation and it is with this role in mind that anyone who would consider founding a new company should weigh his or her options carefully.
Consulting with an experienced business attorney can help you learn how to protect your small business from the pitfalls that face new corporate interests and ensure that you are prepared to make the transition from operating alone to having a workforce. Contact the Des Moines business lawyers of LaMarca Law Group, P.C. at (877) 327-2600.
Noteworthy Small Business Statistics
The Small Business Administration defines a small business as “an independent business having fewer than 500 employees”. That may seem like a huge workforce when you are just starting out, but if your business model or product strikes a chord with the public it is easy to quickly surpass that number. But consider for the moment the impact that small businesses have on the American economy:
- They constitute more than 99.7 % of business firms
- They account for roughly ½ of private employment opportunities
- They pay almost 45 % of the nation’s total non-government payroll
For all of your small business’s legal needs, contact the Des Moines business lawyers of LaMarca Law Group, P.C. at (877) 327-2600. Put our experience to work for you.