Definition:
A business that is independently owned and operated that is not dominant in its field of operation, provided it has annual receipts not in excess of $500,000 and has fewer than 500 employees.
For specific industry definitions from the U.S. Government, see the Small Business Size Regulations.
Related Terms:
Small Business Administration
Sole Proprietorship
Related Information:
What is a Small Business?
About Small Business
Related Books:
Small Business Kit For Dummies
Up Against the Wal-Marts
More Books about Small Business
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