<P> Small businesses are privately owned corporations , partnerships , or sole proprietorships that have fewer employees and / or less annual revenue than a regular - sized business or corporation . Businesses are defined as `` small '' in terms of being able to apply for government support and qualify for preferential tax policy varies depending on the country and industry . Small businesses range from fifteen employees under the Australian Fair Work Act 2009 , fifty employees according to the definition used by the European Union , and fewer than five thousand employees , to qualify for many U.S. Small Business Administration programs . While small businesses can also be classified according to other methods , such as annual revenues , shipments , sales , assets , or by annual gross or net revenue or net profits , the number of employees is one of the most widely used measures . </P>
<P> Small businesses are privately owned corporations , partnerships , or sole proprietorships that have fewer employees and / or less annual revenue than a regular - sized business or corporation . Businesses are defined as `` small '' in terms of being able to apply for government support and qualify for preferential tax policy varies depending on the country and industry . Small businesses range from fifteen employees under the Australian Fair Work Act 2009 , fifty employees according to the definition used by the European Union , and fewer than five thousand employees , to qualify for many U.S. Small Business Administration programs . While small businesses can also be classified according to other methods , such as annual revenues , shipments , sales , assets , or by annual gross or net revenue or net profits , the number of employees is one of the most widely used measures . </P>
when is a company considered a small business
when is a company considered a small business
are privately owned corporations , partnerships , or sole proprietorships that have fewer employees and / or less annual revenue than a regular - sized business or corporation
are privately owned corporations , partnerships , or sole proprietorships that have fewer employees and / or less annual revenue than a regular - sized business or corporation