Source: U.S. Census Bureau
Release: Business Formation Statistics
This series provide the number of employer businesses that originate from Business Applications (BA) within four quarters from the quarter of application. By definition, the end-point of this series is determined by the most recent quarter for which the administrative data is available on payroll.
U.S. Census Bureau, Business Formations Within 4 Quarters for the United States [BF4QNSAUS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/BF4QNSAUS, July 3, 2020.