Small Business Signals. Sourced From the SOS.
LLC and corporation formations, dissolutions, and early-closure signals — pulled directly from state Secretary of State filings. IA + TX nightly at launch; IL, FL, and CA scoped for the next wave. Dashboard and API.
Formations + Closures + Survival. One Feed.
Small-business filing data is scattered across 50 Secretary of State portals, each with its own schema, search interface, and update cadence. We pull the corpus nightly and normalize it so you can score local-economy health, prospect tenants, or underwrite policies in a single query.
Business Entity Registry
All plansPer-entity records pulled from state Secretary of State portals — formation date, entity type (LLC, Corporation, Partnership, Nonprofit), status, registered agent, and where the filing exposes them, NAICS code and address. UPSERTed nightly on (entity_id, sos_source_id).
Formation + Dissolution Events
All plansTime-series of formation_date and dissolution_date across the full registry. The raw signal behind every aggregate — count new LLCs in your county last month, or dissolutions in NAICS 72 (Accommodation + Food) over a trailing year.
Early-Closure Flag
InsurerBoolean flag on entities dissolved within ~18 months of formation. Computed from days_to_dissolution. The leading indicator for thin-market segments where churn outpaces organic growth.
Market Signals (county × NAICS × month)
Lender+Aggregate table of formations_count, closures_count, net_formation, and per-1,000-business formation/closure rates rolled up by state, county, NAICS 2-digit, and month. The dashboard's heat-map and trend layer.
NAICS Industry Breakdown
Lender+Drill any state or county aggregate down to a 2-digit NAICS sector — e.g. NAICS 23 (Construction) or NAICS 54 (Professional Services). Surface where the formation pulse is concentrated, where the closure signal is sharpest.
Webhook Alerts
InsurerSubscribe a county, NAICS sector, or specific business name; get a webhook the moment a formation or dissolution event lands. Wire it into your underwriting queue or pipeline tracker.
Five Sources. Two States Live.
Iowa SOS + Texas Comptroller franchise-tax data ship at launch with nightly ingest. Illinois SOS, Florida DOS (Sunbiz), and California bizfile are seeded in the registry and scoped as expansion targets — IL is unreachable from our current network path, FL portal is Cloudflare-Turnstile walled to Python, and CA bizfile rate-limits public scraping aggressively. Each is unblockable with paid/proxy budget. We'll surface live row counts here as the ingest matures.
Iowa Secretary of State
IALive — nightly Socrata ingest of SOS active entities + DOR retail-sales permits (closure signals included)
ia-sos
Texas Comptroller (franchise tax)
TXLive — nightly Socrata ingest of franchise-tax holders (proxies the paid TX SOSDirect portal; native closure signals)
tx-sos
Illinois Secretary of State
ILScoped — ilsos.gov unreachable from current network path; expansion target
il-sos
Florida Department of State (Sunbiz)
FLScoped — search.sunbiz.org Cloudflare-Turnstile walled to Python; expansion target
fl-dos
California Secretary of State
CAScoped — bizfileonline.sos.ca.gov Imperva-walled; expansion target
ca-sos
One County, One NAICS, One Month.
Sample below uses an illustrative aggregate while the production crawl ramps. Live numbers populate as soon as the nightly SOS passes complete a baseline against each source.
Formations
187
Closures
92
Net Formation
+95
Formation Rate
14.7 / 1K biz
Closure Rate
7.2 / 1K biz
Early Closure %
18.4%
Read: Polk County Professional Services posted +95 net new entities in March 2026, with 18.4% of recent vintages dissolving inside 18 months — a healthy formation pulse but elevated early-churn rate worth watching against the trailing-twelve trend.
Illustrative only. Live numbers populate as the nightly SOS scrapers complete a baseline pass against each source.
What Subscribers Do With the Data
Real workflows from the four personas we serve.
Score Local-Economy Health for Loan Originations
CDFIs and small-business lenders watch net formation rate by county and NAICS sector to gauge where new-business activity is rising or contracting. Pair with neighborhood heat maps to size loan books against real-time formation signal — not last decade's census tract data.
Surface Tenant Pipeline From Formations
Commercial landlords and brokers track LLC formations in target ZIP codes and industry codes to identify newly-formed entities — the signal often arrives weeks before a tenant is shopping space. Map formation density against your portfolio to prospect at the right time.
Underwrite Commercial Policies With Survival Data
Insurance underwriters pull early-closure rates by industry and geography to price premiums against actual business-survival data — not just published industry-average claim rates. Cross-reference with compliance signals to identify high-churn segments.
Monitor Formation/Closure Trends for Policy + Research
Economic development offices and policy researchers consume the monthly aggregate feed — formations, closures, net formation rate — to track the small-business pulse of a region. The CSV export feeds dashboards, grant applications, and longitudinal studies.
Always As Fresh As the SOS Allows
Nightly crawls feed the entity registry; the monthly aggregator recomputes county × NAICS × month signals. Insurer subscribers get webhooks the moment a formation or dissolution event lands.
| Source | Update Frequency | Origin |
|---|---|---|
| Iowa SOS + DOR | Nightly | Socrata feeds for SOS active entities + DOR retail-sales permits |
| Texas Comptroller | Nightly | data.texas.gov franchise-tax holder feed (proxies paid TX SOSDirect) |
| Illinois SOS | Scoped — expansion target | ilsos.gov corporate / LLC search |
| Florida DOS (Sunbiz) | Scoped — expansion target | search.sunbiz.org |
| California SOS | Scoped — expansion target | bizfileonline.sos.ca.gov |
| Market Signals Aggregator | Monthly | Computed from biz_entities |
| Webhook Alerts | Real time (next nightly pass) | Triggered on diff vs. last snapshot |
Plans for Every Biz-Signals Workflow
Start with a 7-day free trial. Annual billing saves 2 months on every plan.
Insurer
For commercial insurance underwriters pricing business-survival risk.
- Everything in Lender
- Business survival rate by industry + geography
- 90-day early-closure signals
- Cross-vertical compliance correlation
- API access (10,000 req/mo)
- Unlimited export
- Webhook alerts on new formations + closures
Frequently Asked Questions
Which states do you cover?
Phase 6 launches with two states live in nightly ingest: Iowa (SOS active entities + DOR retail-sales permits) and Texas (Comptroller franchise-tax holders, which proxies the paid TX SOSDirect portal). Illinois SOS, Florida DOS (Sunbiz), and California SOS are seeded in the source registry and scoped for expansion — IL is unreachable from our current network path, FL is Cloudflare-Turnstile walled to Python, and CA bizfile is Imperva-walled. Each is unblockable with paid-portal access or a residential-proxy budget. Additional states are added quarterly based on subscriber demand.
How current is the data?
We crawl every Secretary of State portal nightly where the source supports it, and write a `last_scraped_at` timestamp against each source. Some state portals only refresh weekly or monthly upstream — the dashboard's data-freshness panel surfaces the actual lag per source. New filings typically surface within 24–72 hours of being posted to the SOS.
What is the early-closure flag and how is it computed?
Early-closure is a boolean on every entity record — TRUE when dissolution_date is within 18 months of formation_date, NULL until enough lifecycle data exists. It's the leading indicator behind the survival-rate aggregates exposed to Insurer-tier subscribers. Surface it as a screening signal for underwriting; it's not a substitute for full borrower or policyholder review.
Can I query by NAICS industry sector?
Yes. Lender and Insurer plans include NAICS 2-digit breakdowns on every market-signal endpoint — drill a state or county aggregate down to NAICS 23 (Construction), 54 (Professional Services), 72 (Accommodation + Food), or any other 2-digit sector. The Analyst plan exposes monthly trends in aggregate; per-NAICS slicing starts on the Lender plan.
Is API access included on every plan?
API access starts on the Lender plan ($699/mo, 1,000 req/mo) and expands on the Insurer plan ($1,299/mo, 10,000 req/mo). The Analyst plan ($299/mo) is dashboard-only — most economic researchers run ad-hoc queries through the dashboard's export rather than programmatic pulls.
Is there a free trial?
Every plan includes a 7-day free trial with full access to that tier's features. No refunds are issued after day 8 of a paid subscription — see the Terms of Service for details.