Source: U.S. Census Bureau
Release: Business Formation Statistics
High-Propensity Business Applications (HBA) from a corporation or personal service corporation, based on the legal form of organization stated in the IRS Form SS-4. Similar to the WBA series, this series is important primarily because it consists of a set of applications that have a high rate of transitioning into businesses with payroll.
U.S. Census Bureau, Business Applications from Corporations for Washington [CBUSAPPSAWA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CBUSAPPSAWA, January 26, 2020.