We mean business
Comprehensive legal services for businesses
in New Jersey and New York

COVID-19 Notice: In order to best serve you, while being mindful of your health and safety, we are available for consultations and conferences via telephone and video. We can arrange for documents to be prepared, reviewed, signed and exchanged electronically. We are ready to assist you with all of your legal needs.

We are open and ready to assist you. Go to our COVID-19 Updates page to see our latest statement on the crisis and a list of recent news and developments during this challenging time.
comprehensive legal services for businesses

New Businesses Continue to Form Despite Recession

The annual study of new business creation, The Kauffman Index of Entrepreneurial Activity, has found that incidents of new business formation have continued to increase in spite of challenging economic times. The Wall Street Journal recently reported that the index found that in 2009 start-ups reached their highest level in 14 years. This number is even higher than that of the dot-com boom from 1999-2000. From 2007-2009, new business creation steadily increased. 

The Kauffman Index of Entrepreneurial Activity takes into account the percentage of the adult, non-business-owner population that starts a business each month. The index uses data from the monthly Current Population Survey (CPS), which is conducted by the U.S. Bureau of the Census and the Bureau of Labor Statistics.  The Kauffman Index also sorts its information into categories, such as estimates for specific demographic groups, select metropolitan areas, and states.

The Kauffman Index report found that in 2009, there was a 4 percent increase of the number of adults starting a new business each month than in 2008. In 2009, there were 27,000 more starts per month than in 2008 and 60,000 more starts per month than in 2007.   

The report also found that the states with the most entrepreneurial activity last year were Montana and Oklahoma. Both states had 470 per 100,000 adults forming businesses each month. While these states might not have the most venture capitalists around, entrepreneurs say that doesn’t mean investment capital can’t be found. Entrepreneurs say that once the infrastructure is built, the investment dollars will follow, no matter how far off the beaten path.

The five states with the least amount of entrepreneurial activity were Minnesota, Alabama, Pennsylvania, Nebraska, and Mississippi.



Montana, Oklahoma Outdo Usual Suspects In Entrepreneur Study (The Wall Street Journal)

Office Location

Dunn Lambert, LLC
East 80 Route 4 Suite 170
Paramus, NJ 07652

Paramus Law Office Map

Dunn Lambert, LLC
1745 Broadway, 17th Floor
New York, NY 10019
New York Law Office Map

Phone: 201-957-0874
Fax: 201-291-0140

Phone: 201-291-0700
Fax: 212-519-9804
Best Lawyers | Best Law Firms | U.S.News & world report | 2017

GET ANSWERS from a firm
with a sense of business.


Review US
FindLaw Network