Source: U.S. Census Bureau
Release: Business Formation Statistics
This series combines (splices) BFBF4QTOTALNSAMI and BFPBF4QTOTALNSAMI to provide the entire time series for the actual and projected business formations within four quarters.
See the U.S. Census's FAQs for more details.
U.S. Census Bureau, Spliced Business Formations Within Four Quarters: Total for All NAICS in Michigan [BFSBF4QTOTALNSAMI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/BFSBF4QTOTALNSAMI, July 31, 2021.