Harris To Seek Huge Expansion Of Startup Tax Deduction To Help Small Businesses

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3. What is the definition of a small business? A quick search about what constitutes

a “small business” reveals the following: According to Government Code Section 12100 – “Small business” means a business with less than 100 employees and with a gross revenue of less than five million dollars ($5,000,000). According to the SBA, a small business is defined according to firm revenue (ranging from $1 million to over $40 million) and by employment (from 100 to over 1,500 employees). Most manufacturing companies with 500 employees or fewer, and most non-manufacturing businesses with average annual receipts under $7.5 million, qualify as a small business. According to the federal government small businesses are for profit concerns, with fewer than 500 employees, including affiliates, is independently owned and operated, is not dominant in the field of operation, and meets size standards as prescribed by SBA (13 CFR Part 121).