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This question is about small business statistics.
In the United States, there is no one widely accepted definition of what a small business is. The definition of a small business varies greatly by industry based on the business's total number of employees and average annual revenue.
Generally speaking, the U.S. Small Business Administration classifies a small business as a company with fewer than 500 employees. However, some companies may qualify for small business status with more than 1,500 employees, depending on the industry.
As per federal standards, revenue for small businesses also varies by field and can range from $1 million to more than $40 million annually.
To classify as a small business, an organization usually needs to be a privately owned corporation, partnership, or sole proprietorship. Using these metrics, small businesses make up 99.9% of businesses across the country.

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