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August 8, 2017

Boom for legal and real estate services

RALEIGH, N.C. (AP) — Accounting, real estate and legal services businesses were the most profitable private companies during the past year. That's the finding of Sageworks, which compiles loan and other financial information on companies.

Businesses that offer accounting, tax preparation, bookkeeping or payroll services had profit margins of 18.4 percent, said Sageworks, which based its conclusions on an analysis of pretax net profit margins for private businesses in the 12 months that ended June 30. Just behind accounting were real estate leasing companies, with a 17.9 percent profit margin, and legal services providers, with a 17.4 percent margin.

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