RE/MAX 440
Peter Patkos
1110 North Broad Street
Lansdale  PA 19446
 Phone: 215-327-7491
Office Phone: 215-362-2260
Fax: 267-354-6879 
peterpatkos@remax440.com
Peter Patkos
< Back to My Blog

Are You Part of the Nonemployer Explosion?

June 23, 2014 12:39 am

I have been writing about home offices for some time—and for good reason. It appears that more people than ever are taking work home.

The U.S. Census Bureau recently announced that the number of businesses without paid employees in the U.S. reached 22.7 million in 2012, up 1.1 percent from 2011. That is one million more of these home-based ventures since 2009.

This marks the third straight annual increase in nonemployer businesses, which are businesses with no paid employees, annual business receipts of $1,000 or more ($1 or more in the construction sector) and are subject to federal income taxes.

William Bostic Jr., the associate director for economic programs at the Census Bureau observed in an agency release that nonemployer businesses represent entrepreneurship in perhaps its purest form, including the classic 'mom and pop' shops and people running businesses out of their homes.

This includes 19.6 million sole proprietorships, 1.4 million corporations and 1.7 million partnerships, which account for the total number of nonemployer businesses.

So if someone was interested in making their home more marketable to sell, what areas of the country are most likely to draw folks looking to establish a home based business?

The Census Bureau says Florida had the largest increase in nonemployer businesses, with 57,978 added in 2012. California (39,051), Texas (38,504) and New York (15,207) had the next highest increases.

California remains in the lead, however, with the largest number of nonemployer businesses - 2.9 million.

And if you think home based businesses are not huge contributors to the economy, think again. The Census report states that the total annual receipts for nonemployer businesses were $1 trillion in 2012, an increase of $41.3 billion from the year before.

Considering that the rate of home based business operations is showing no sign of weakening, we will continue to focus on various aspects of establishing, designing and effectively utilizing space where homeowners can work while enjoying the shortest commute possible!

Published with permission from RISMedia.

Add a comment