Of all U.S. business firms, sole proprietorships are the most common, accounting for approximately 71 percent of businesses.

Name: Of all U.S. business firms, sole proprietorships are the most common, accounting for approximately 71 percent of businesses.
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According to the U.S. Small Business Administration, as of 2018, approximately 31.7 million small businesses operated in the United States, and 23.5 million of these were sole proprietorships, accounting for approximately 74 percent of businesses.

Of All US Business Firms, Sole Proprietorships Are the Most Common, Accounting