Relative Number of Business Entitites in the United States in 2007

The graph below was created using Google’s Chart Tools.

The graph is shows the relative numbers of business entities in the United States. As shown on the graph, sole proprietorships represent slightly more than 70 % of business entities, followed by S corporations with between 10 and 15 %, and then C corporations, limited liability corporations, general partnerships, and limited partnerships, each with less than 6 %.

However, C corporations account for more than 60% of reported revenues.

Data from the Internal Revenue Service tax statistics for 2007 was used to generate the graph.