Small Business
/ˌsmɔːl ˈbɪznɪs/
Definitions
- (n.) An independently owned and operated enterprise with limited size and revenue, distinguished from larger corporations for purposes such as regulatory oversight, tax classification, and eligibility for specific government programs.
The government provides tax incentives specifically tailored for a small business.
Forms
- small businesses
Related terms
See also
Commentary
The legal definition of a small business often varies by jurisdiction and regulatory context; drafters should specify applicable thresholds or criteria when relevant.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.