For research purposes, the Small Business Administration (SBA) defines small business as companies with up to _____ employees
The Small Business Act states that a small business concern is "one that is independently owned and operated and which is not dominant in its field of operation."
SBA has a section called Office of Size Standards that defines the appropriate size [ for a small business. The size standards are broken by NAICS industry classification and are based on two things (a) size standards in millions of
dollars; and (b) by number of employee. In most industries, 500 is the maximum for small businesses, though there are industries where a business can have 1000-1500 employees yet still considered "small business"
Here is the size standard table by NAICS code breakdown
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