small business

noun

: an independently owned and operated business that is not dominant in its field of operation and conforms to standards set by the Small Business Administration or by state law regarding number of employees and yearly income

called also small business concern

see also Small Business Administration

Dictionary Entries Near small business

Cite this Entry

“Small business.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/small%20business. Accessed 25 Apr. 2024.

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