Reasonable estimates place nonemployer (e.g., single person or small family)businesses started each year at less than 100,000.

Question

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According to data from the U.S. Census Bureau, there were 3.7 million nonemployer businesses in 2018 alone, which averages to over 10,100 new nonemployer businesses per day. Therefore, the estimate of less than 100,000 new nonemployer businesses started each year is false.

Reasonable Estimates Place Nonemployer (E