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Instant results from Secretary of State databases across all 50 states

5,879,551
U.S. business applications, last 12 months
Census BFS via FRED
1,689,250
Filed most recent quarter
Census BFS via FRED
+11.9%
Average state YoY growth
FRED, 51-jurisdiction mean
23,333
Filings per business day, U.S. total
Derived from TTM applications, FRED

U.S. business formation by the numbers

5,879,551
Total U.S. business applications, last 12 months
Sum across all 50 states and the District of Columbia. Census BFS via FRED, refreshed monthly.
Census BFS via FRED
+11.5%
Year-over-year growth
Trailing 12 months compared to the prior 12. Volume-weighted across all states so larger formation hubs influence the number proportionally.
FRED, volume-weighted national mean
+72.2%
Growth since 2019
Comparison of current trailing-twelve-month formation activity to the 2019 calendar year total. Captures the post-pandemic surge in new business filings.
FRED, volume-weighted national mean
23,333
Filings per business day
U.S. business applications submitted on an average business day. Computed from trailing-twelve-month totals divided by 252 working days.
Derived from Census BFS via FRED

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