All entries for Thursday 15 March 2007

March 15, 2007

1.What is small business?

A small business concern for the purpose of Government Procurement is a concern, including its affiliates, which is independently owned and operated, is nor dominant in the field of operation in which it is completing for Government contracts, and can further quality under the criteria concerning number of employees, average annual receipts, or the other criteria as prescribed by the SBA. ...

A designation for certain statutory purposes referring to a firm, corporation or establishment having a small number of employees, low volume of sales, small amount of assets or limited impact on the market.

a concern, including its affiliates, that is independently owned and operated, not dominant in the field of operation in which it is bidding on government contracts, and qualified as a small business under the Code of Federal Regulations (CFR) criteria and size standards in 13 CFR 121.

An independently owned and operated firm, certified, or certifiable, as a small business by the Federal Small Business Administration (SBA). Rule of thumb: small business is less than 500 employees (except for travel agencies; some manufacturers; and construction contractors/design professionals). If you are unsure of your size classification, call your local SBA office.

To qualify as small business, a business concern eligible for assistance from SBA as a small business is one that is organized for profit, with a place of business located in the United States. It must operate primarily within the United States or make a significant contribution to the US economy through payment of taxes or use of American products, materials or labor. ...

independently owned and operated and is not dominant in its field of operations. Page 52

For SEC purposes, small businesses are defined as domestic companies with revenues of under $25 million, and not investment companies. Subsidiaries of larger companies do not qualify as small businesses.

This refers to a small business as defined pursuant to Section 3 of the Small Business Act and relevant regulations promulgated pursuant thereto.

within the context of commercial users of telecommunications services, a small business is any commercial entity whose telecommunications service fees generate revenues of less than $500 per month or $6,000 per year. Medium-size businesses are commercial entities whose telecommunications service revenues generate more than $500 per month, but less than $2,500 per month. Large businesses are commercial entities that generate a minimum of $2,500 per month in revenues. French: petite entreprise.

means a sole proprietor, juristic person, partnership or trust whose turnover for the last financial year was less than R5 million.

An independently owned and operated business concern as defined in Section 2(1), Florida Small and Minority Business Assistance Act of 1985 (Chapter 85-104, Laws of Florida).

The Small Business Administration has many definitions of a small business. In general, any business with revenue under $500,000 per year will qualify, but many larger agricultural and commercial businesses may also apply. The definition is found in section 3(a) of the Small Business Act (15 USC 632 (a)) and implemented by the Small Business Administration under 13 CFR part 121, or any successor provisions.

means a business having not more than five hundred employes working at the site being acquired or permanently displaced by a program or project.

A business employing fewer than 20 full-time personnel ( ABS 2001). The terms ‘retailer’, ‘trader’ and ‘proprietor’ are used interchangeably in this report and all refer to a small business.

Small business as defined by the SBA is a firm with 500 or fewer employees with annual revenue under $5,000,000. (See microbusiness)

small businesses are usually defined as those with fewer than 100 employees.

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