Category: Company Profile
Affiliation
When you calculate the size of your business to determine if you are a small business, you must include the annual receipts and the employees of your affiliates. Affiliation is determined by the ability to control. When the ability to control exists, even if it is not exercised, affiliation exists. The SBA determines affiliation in accordance with 13 CFR 121.103 in its Small Business Size Regulations. Be sure to read the SBA’s affiliation discussion asRead More
Guide to Size Standards
This Guide to SBA’s Definitions of Small Business (usually referred to as “size standards”) will help you understand how SBA defines a small business and how it establishes small business size standards. A small business size standard is numerical and represents the largest a concern can be and still be considered a small business for Federal Government programs. This Guide provides general information on size standard requirements and addresses most typical concerns about using sizeRead More
What are the Small Business Size Standards?
Your business might be eligible for programs that are reserved for small business concerns. To qualify, your business must satisfy SBA’s definition of a business concern, along with the size standards for small business. SBA defines a business concern as one that is organized for profit; has a place of business in the U.S.; operates primarily within the U.S. or makes a significant contribution to the U.S. economy through payment of taxes or use ofRead More
Summary of Size Standards by Industry Sector
Small business size standards define the largest that a business concern, including all of its affiliates, may be and yet qualify as a small business concern for SBA and most other federal programs, The SBA has established two widely used size standards – 500 employees for most manufacturing and mining industries and $7.5 million in average annual receipts for many nonmanufacturing industries. However, there are a number of exceptions. For the size standard applicable to any NorthRead More
Table of Small Business Size Standards
To help small business owners assess their small business status, SBA has established a Table of Small Business Size Standards (pdf file/excel file), which is matched to the North American Industry Classification System (NAICS) for industries. The current table of size standards is based on the 2012 NAICS. The table of size standards can also be found online in the Small Business Size Regulations(published by the Electronic Code of Federal Regulations). Certain government programs, suchRead More
Small Business Size Standards Methodology
For its ongoing comprehensive size standards review and future regulatory actions relating to size standards, SBA has developed a “Size Standards Methodology White Paper,”explaining how it establishes, reviews and modifies its small business size standards pursuant to the Small Business Act and related legislative guidelines. The white paper provides a brief review of the following: Legal authority, early legislative history and regulatory history of small business size standards Detailed description of evaluation of industry structureRead More
Small Business Size Regulations
The Small Business Act was created, in part, to help small businesses compete in our economic market. The passage of this act has made it necessary to establish standards of identifying small businesses. Below are the size regulations used to review business size. Size Regulations SBA’s size standards define whether a business is “small” and thus eligible for government programs and preferences reserved for “small business” concerns. What is a Small Business Concern? A smallRead More
What’s New with Size Standards
SBA proposes to revise Small Business Size Standards for some industries in NAICS Sector 31‑33, Manufacturing The U.S. Small Business Administration (SBA) has proposed to increase small business size standards for 209 industries in NAICS Sector 31-33, Manufacturing; and, increase the refining capacity component of the Petroleum Refiners (NAICS 324110) size standard to 200,000 barrels per calendar day total capacity, and the requirement that 90 percent of output being delivered be refined by the bidder (footnote 4). As part of its ongoingRead More
Document of the Week: Confidentiality Agreement for Your Small Business
What is a Confidentiality Agreement? A Confidentiality Agreement is a legally binding contract where a person or small business agrees not to disclose certain information with other people or businesses. This type of agreement is also known as a non-disclosure agreement or a NDA. When do you need a Confidentiality Agreement? In the course of doing small business, whether developing a product or marketing a service, a company inevitably has to enlist the help ofRead More
How To Use A Customer Database to Grow Your Business
Ramon Ray, editor of Smallbiztechnology.com recently sat down with Ashley Meyers of the Wells Fargo Business Insight series to discuss the importance of using a customer database to grow your business. During this live audio interview, Ramon discusses four ways every small business can use a customer database to grow their business, along with tips on what types of information you should be collecting and strategic ways to use that information to convert one time customersRead More