Automotive News
Small companies employed 10.3 million individuals—three-plus occasions as many individuals as have been employed by medium-size businesses. Within the united states financial system, small businesses comprise ninety nine.9% of all firms, 99.7% of all firms with paid workers, and ninety seven.3% of exporters. When it involves tax reporting, the Internal Revenue Service does not categorize businesses into SMEs. Instead, it separates small companies and self-employed individuals into one group and midsize to giant businesses into one other.
Official US small business statistics show that nearly two-thirds of businesses in America had five or fewer staff in 2014. According to the…