Planning Briefs
Do You Know If Your Business Really Is Small?
Published Tuesday, December 22, 2015 at: 7:00 AM EST
Does your business qualify as a small business? If so, you are eligible to go after federal contracts awarded through the Small Business Administration (SBA). The distinction is important if you wish to register for government contracting as a small business. To be a small business, you must adhere to size standards established by the SBA. If you register as a government contractor in the System for Award Management (SAM), you also will self-certify your business as small. The SBA, for most industries, defines a "small business" either in terms of the average number of employees over the past 12 months or...
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