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.
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% |
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% |