Whether you are starting a new business or running an existing one, you need to understand how to define small business. Small businesses are defined according to revenue and number of employees across all locations. These criteria are outlined by the U.S. Small Business Administration (SBA), and differ according to industry. For instance, a software company might be classified as a small business if it has less than ten employees. In addition, many industries use different NAICS codes, so make sure you know yours! As a small business, you have…
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