What is a "small business"?

What is a "small business"?

Gregg Wind (Partner, Wind Bermer Hockenberg, LLP) gives expert video advice on: What are the tax implications of being self-employed? and more...

When talking about small businesses, they can really range in form from a sole proprietorship, which is a single owner, unincorporated, to a corporation with 100 employees. Form is unique to the situation at hand - perhaps the nature of the business, perhaps whether employees are on board or not, perhaps the liability involved with the business. In my view a business with less than 100 employees, and less than $100 million or so in sales, would be qualified as a small business. Having said that, some people may feel that a business with $100 million in sales is anything but small.