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Service-Based Firms Lead the Way in Growing Profits: Sageworks

Accounting, law firms among examples of private companies showing growth. So are medical practices.

By Michelle A. Samaad | Updated on March 25, 2013

Businesses that don’t require substantial upfront capital, such as accounting and law firms, are experiencing the most growth among private companies.

According to research from Sageworks Inc., private companies in the United States grew sales by approximately 9.7% in the period ended February 2013, about the same as in the period ended January 2013 and close to the 10.1% growth seen one year ago.

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