Small and medium business in the US: 3 categories

Under US law, the category of small and medium-sized enterprises are business entities, employing no more than 500 people. All small and medium enterprises in the United States are divided into 3 categories:

1. Microenterprises – companies with the number of employees up to 20 people;
2. Small businesses – from 20 to 100 people;
3. Medium-sized enterprises – from 100 to 499 people.
4. In addition, a separate release of the enterprise, which is used hired labor, and those where the owner of the company does without attracting hired personnel.

All small and medium enterprises in the United States are divided into 3 categories
All small and medium enterprises in the United States are divided into 3 categories

Small and medium-sized businesses in the United States began its development in the era of the Great Depression, so its share is quite high. Currently in the US, there are about 7 million enterprises with number of employees less than 500 people. In addition, the United States has 18.3 million nonagricultural individual enterprises.
Small and medium enterprises in the United States is represented in various fields (in the production of trade, finance, social services, and innovation). To date, in the United States two-thirds of jobs created by the institutions and companies belonging to the category of small and medium-sized businesses.

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Opening a Business in the US: what you need to know for a successful business

Open a business in the United States can anyone. In the United States has long been successfully conduct their affairs a foreign persons. In order to open a business in the United States and successfully develop it in this country, it is necessary to know the following:

Opening a Business in the US
Opening a Business in the US

1. Structuring business from different points of view: the tax and legal.
2. Where is the best place to start a business in the United States.
3. Full planning and consulting for business registration.

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Regulation of small business in the US

Exactly Yankees first in the world have created a very productive system to support small businesses. Today, small businesses create the lion’s share of added value US.

The role of small businesses in the US economy

US Small Business Administration
small business in the US

Gromada US Small Business Administration is well known. Small business, producing about 40% of GDP, provides employment to 2/3 of the working population and develops twice more innovations than large firms.
“Kids” of business in the US – the main generators of innovation processes in the industry, a dynamic response to changing consumption patterns.

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Ukraine needs a loan and stabilization

Meeting “Norman Quartet” (Germany, Russia, France, Ukraine) at the level of Foreign Ministers will be held on Monday evening in Berlin. A statement posted on the website of the German Foreign Ministry.

Ukraine needs a loan
Ukraine needs a loan

Today, the situation remains tense due to numerous violations. Minister of Foreign Affairs of Ukraine Pavlo Klimkin demands to provide full access to the Donbass OSCE observation mission. It is necessary to check the removal of heavy weapons combatants. Today an urgent need to create four working groups within the Contact Group, it will take some time.

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Development of small businesses in the US

Solving the problem of unemployment in the US has reached a stage when it was directly dependent on the direction of financial flows and the availability of credit. Public money has come a long way, finally get to the small business sector.

Development of small businesses
Development of small businesses

Small businesses in the United States – is a huge space, 60% of all jobs. This includes businesses of very different directions – from fast food chains, cafes and restaurants to high-tech small firms. And, of course, there is a specificity. Each company has its own tradition of doing things, often – a stable customer base, their methods of adaptation to local economic conditions. Therefore, the solutions to the problems that arise in this sector can not be universal and uniform.

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Small Business US loses access to capital

Financial crises are undermining the economy for decades.

According to a survey of owners of firms with an income of $ 1 million to $ 20 million policy aimed at providing access to capital for small businesses failed and was useless for almost half of the entrepreneurs of the country, according to the publication The Wall Street Journal.

support small businesses
support small businesses

In 2010, President Barack Obama signed into law a Small Business Jobs Act, under which the Fund was established to support small businesses. The fund was $ 30 billion, the funds were sent to the regional banks to increase lending to small businesses. However, according to the Treasury after the fund began its activity, small banks, which mainly specialize in lending to small businesses, have received only $ 4 billion.

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Organizational and legal forms of business in the US

Today in the United States are the main legal forms of companies:

• individual private firms,
• partnership,
• corporations,
• a limited liability company (LLC).

legal forms of companies
legal forms of companies

Each form of ownership has its characteristic of her internal structure and legal status, size and scope. All forms of property have their own advantages and disadvantages, and the choice of each of them involves both a risk for the owners and their benefits.

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Specificity of America’s small businesses

Today in the US there are more than 20 million small companies, and every year open at least another 1 million new.

Every third American family engaged in small business. In general, companies with fewer than 100 employees provide jobs for more than half the working population of the USA. Some American textbooks claim that up to 20% of small companies in the US starts at $ 1000-5000 and more than half of them in less than 2-3 years in a row moving companies with annual revenues of more than $ 1 million.

Financing of Small Business
Financing of Small Business

The volume of small business

American entrepreneurs prefer to organize business exclusively at his own expense. Only 10% of small businesses will start on the basis of borrowed capital. 90% of small firms organized on the savings of the owner, his family, distant relatives and close friends. According to the annual statistics provided by the US Small Business Association, more than half of the successful and fastest growing companies were established on the basis of an office at home, with their start-up costs that do not exceed $ 25,000.

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Why we need a business plan? How can a business plan to expand the levels of state support for small business?

For the development of any type of business need additional investment. Investment sources are investors, banks, funds for financial support. Business plan – a detailed description of all operations to the full realization of the business project. When planning should be described the set of basic data of business:

government support for small businesses
government support for small businesses

1. Concise information about the company, its products or services.
2. Information about the partners.

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How to write a business plan for a small business?

By definition, small business – it’s a business which is in ownership that is not dominant in its niche. In order to develop an idea for a small business requires imagination, the plan, as well as the right of paperwork. An important component is a business plan that will help businesses attract investors to secure financing and attract attention when your company will consolidate its position in the local market, as well as to receive government support for small businesses.

business plan for a small business
business plan for a small business

A business plan is your idea in writing and explain all working moments that you will need to implement. Make a business plan for a small business: describe your company, management structure and explain why it needs to succeed in the market.

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