Business Formations in Wisconsin March 2023

Junjie Guo

Executive Summary:

Business applications for March 2023, adjusted for seasonal variation, were 5,335, a decrease of 0.6% from a month ago.

406 business applications are projected to have their first instance of payroll tax liabilities, an indication of business formation, within four quarters, the same as a month ago.

Actual business formations were last observed for December 2019, when business applications were 3,805 and 287 of them had their first instance of payroll tax liabilities within four quarters.

Among them, the average time between business application and formation is 1.53 quarters, com-pared to 1.59 quarters for the Midwest and 1.62 quarters for the United States.

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