A small business is a business that is privately owned and operated, with a small number of employees and having relatively low volume of sales. A small business may be in the form of a sole proprietorship, corporation, limited liability company (LLC), limited liability partnership (LLP), partnership or limited partnership (LP).
Small Businesses are at the heart of the US economy. Small business owners face many different matters and as laws become more complex small business expenses increase. Generally in the United States, small businesses have fewer than 100 employees.