So, a small business is based on how many employees you have and not how much you make?
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The legal definition of "small" varies by country and by industry. In the United States the Small Business Administration establishes small business size standards on an industry-by-industry basis, but generally specifies a small business as having fewer than 500 employees for manufacturing businesses and less than $7 million in annual receipts for most non manufacturing businesses. The definition can vary by circumstance dash; for example, a small business having fewer than 25 full-time equivalent employees with average annual wages below $50,000 qualifies for a tax credit under the health care reform bill Patient Protection and Affordable Care Act.
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Small business - Wikipedia, the free encyclopedia
What's all this talk of the top 3% off small businesses making over $100m a year?
10-13-2012, 06:34 AM
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