Data on newly formed companies and their founders are hard to come by, but a vital component to measuring economic health. In an effort to learn more about the challenges facing today's entrepreneurs, LegalZoom and the Ewing Marion Kauffman Foundation surveyed 1,431 business owners who formed their companies through LegalZoom in 2012.
Perhaps the most interesting finding is that 60 percent of entrepreneurs in the sample spent more than six months working on their business idea before forming their entity. This highlights the blurry boundaries between paid employment and self-employment, demonstrating the necessity for public policy to be flexible in recognition of this economically vital stage of business creation.
To read the original article: New Kauffman Foundation, LegalZoom Survey Captures Rare Picture of America’s Startups
