StartupJournal reports that the SBA is looking into the definition what is a small business.
“By U.S. government standards, a sheep farmer is one, so long as her business pulls in no more than $750,000 a year. So is a residential remodeler, though he can make up to $28.5 million. A fish and seafood wholesaler gets small status if the company employs fewer than 100 workers while a telecommunications reseller is allowed up to 1,500 employees and can have unlimited revenue.”
Congress is not real interested in this change, as the current policy allows them to micro-manage yet another part of our economy.
Think I am exaggerating? Check out the official list the SBA puts out on what constitutes a “small” business. It currently runs about 42 pages…….
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