443.203.9378
·
Contact@dondiwestlaw.com
·
Mon - Fri 9am-5pm
Free Phone Consultation
443.203.9378
·
Contact@dondiwestlaw.com
·
Mon - Fri 9am-5pm
Free Phone Consultation

Government Contractors: Are you a small business?

SBA Small Business?      You may take it for granted that your company is a “small business.” The distinction is important if you wish to register for government contracting as a small business. Once you register as a government contractor, you must adhere to industry size standards established by the U.S. Small Business Administration.

The SBA, for most industries, defines a “small business” either in terms of the average number of employees over the past 12 months, or average annual receipts over the past three years. In addition, SBA defines a U.S. small business as a concern that:

  • Is organized for profit;
  • Has a place of business in the US;
  • Operates primarily within the U.S. or makes a significant contribution to the U.S. economy through payment of taxes or use of American products, materials or labor;
  • Is independently owned and operated; and
  • Is not dominant in its field on a national basis.

The business may be a sole proprietorship, partnership, corporation, or any other legal form. In determining what constitutes a small business, the definition will vary to reflect industry differences, such as size standards.

Related Posts

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 2,357 other subscribers

Recent Articles

Considering Divorce in 2020? Here are some tips
December 31, 2019
10 Awesome Books Dondi Read in 2016
December 13, 2016
ISAO Standards Organization Releases Initial Voluntary Guidelines for ISAOs
September 30, 2016

Text Widget

Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.

Follow me on Twitter