Number of Owners of the Business

With Paid Employees

Over 95% of all businesses with paid employees, that reported, were owned by either 1 person or 2 to 4 people.  This was true for all Races and Ethnicities.

Data table with values from the U.S. Census Bureau Survey of Business Owners for 2012. The data shows the number of businesses, their annual sales, number of employees, and the annual payroll by the number of owners ranges of, 1, 2 to 4, 5 to 10, 11 or more, and owned by parent company or other entity. This data is partitioned by the major races/ethnicities, White, Hispanic, Black/African-American, and Asian.

In 3 of the 4 Racial/Ethnic groups of business owners, the businesses owned by 2 to 4 people, more than doubled the Average Net Annual Receipts/Sales of those businesses that were owned by 1 person.

Race/Ethnicity 1 Owner 2 to 4 Owners Increase % Increase
White-Owned $963,590 $2,127,434 $1,163,844 121%
Hispanic-Owned $636,001 $1,346,121 $710,120 112%
Black-Owned $539,327 $1,359,263 $819,936 152%
Asian-Owned $704,007 $1,361,040 $657,033 93%

No Paid Employees

Over 98% of all businesses that did not have paid employees, that reported, were owned by either 1 person or 2 to 4 people.  This was true for all Races and Ethnicities.

For businesses that did not have paid employees, those that were owned by 2 to 4 people had higher Average Net Annual Receipts/Sales than those businesses that were owned by 1 person.  Although, not to the same degree as experienced by the businesses that had paid employees.

Race/Ethnicity 1 Owner 2 to 4 Owners Increase % Increase
White-Owned $42,200 $83,910 $41,710 99%
Hispanic-Owned $35,391 $65,122 $29,731 84%
Black-Owned $22,204 $38,427 $16,223 73%
Asian-Owned $44,949 $80,478 $35,529 79%