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Small business size regulations
Contents
Small business size regulations determine whether or not companies in the U.S. are subject to certain U.S. regulations and requirements. The size regulations can also determine whether or not a company can qualify for certain loan programs or contracts from government or industry sources that set aside (by law or policy) a percentage of their procurement budget to acquire services and products from sources deemed to be "small businesses."
When "set asides" are designated for small businesses, the natural (and at times, controversial) question that arises is, "What is it that makes a business "small" vs. "large"? Answering questions related to "size" and government procurement is the task of the Small Business Administration office of Size Standards[1].
Small Business Size Regulations specifying size standards and governing their use are set forth in Title 13, Code of Federal Regulations, part 121 (13 CFR §121)[2]
References
- ↑ SBA Office of Size Standards
- ↑ Electronic Code of Federal Regulations - Business Size Eligibility Provisions and Standards. The SBA's size regulations pertaining to Federal procurement are also found in the Federal Acquisition Regulation, 48 CFR part 19.
See also
External links
- SBA.gov - Office of Size Standards website
- Small Business statistics from the U.S. Census Bureau - The U.S. Census Bureau does not define small or large businesses, it provides statistics that allow users to define business categories in any of several ways.
- US Census Bureau - Statistics of U.S. Businesses
