- column
- Top Line
Family Biz Proliferates
Please note: This item is from our archives and was published in 2006. It is provided for historical reference. The content may be out of date and links may no longer function.
Related
IRS warns taxpayers: Social media advice can lead to costly penalties
Dealing with natural disasters: How to avoid fraudulent activities
Mitigate or exacerbate fraud risk? Culture’s critical role
TOPICS
Small businesses run by an individual or a family with no other paid employees made up a large chunk of U.S. companies and are growing in number, according to a recent U.S. Census Bureau study.
Such “nonemployer” businesses increased by more than 1 million between 2003 and 2004 to 19.5 million, or 70% of all companies.
Small businesses are becoming more varied, too, as the Internet opens up new opportunities. Internet service providers, in fact, were among the fastest-growing segments, increasing by 18.7%, and companies offering Internet-based consumer sales increased 12.7%.
