US Business Formation Trends by State
We’ve compiled data on US business formation trends by state to help business owners make good decisions when starting and running a small business.
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Business Formation by State Over Time
The map below shows the number of business applications submitted in each state for the selected year. The darker the blue, the more applications submitted.
Business Formation Per Capita
To determine which states are the most popular for business formation, we've calculated per capita business formation for each state. It quickly becomes apparent that some states are attracting applicants from across the country.
States such as Wyoming and Delaware have historically been popular for new business formation, and you can read whether this popularity is justified in our article on Best State to Form an LLC? While other states such as Florida, Georgia, Utah or Texas have attractive tax incentives, which we cover in our article on Best States to Start a Business.
(Popularity for each state was calculated by dividing the number of business applications from that state by the number of adult population in that state.)
