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LSDefine

Simple English definitions for legal terms

small-business concern

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A quick definition of small-business concern:

Small-business concern: A small business is a company that is independently owned and operated, with limited numbers of employees and business volume. It is not dominant in its field of operation and qualifies for an exemption from freight undercharges.

A more thorough explanation:

A small-business concern is a business that is independently owned and operated, not dominant in its field of operation, has limited numbers of employees and business volume, and qualifies for an exemption from freight undercharges. This means that the business is small enough to receive certain benefits and exemptions from regulations that larger businesses do not qualify for.

  • A family-owned bakery with only a few employees and a small customer base would be considered a small-business concern.
  • A local bookstore that is not part of a larger chain and has limited sales would also be considered a small-business concern.
  • On the other hand, a large corporation with thousands of employees and a dominant presence in its industry would not be considered a small-business concern.

These examples illustrate the definition of a small-business concern by showing the characteristics that qualify a business for this designation. The first two examples show businesses that are independently owned and operated, have limited numbers of employees and business volume, and are not dominant in their fields. The third example shows a business that does not meet these criteria and therefore would not be considered a small-business concern.

Small Business Administration | Small Business Investment Act

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[] baddestbunny
16:04
living out the plot of the movie unfriended in the yale invite-only webinar
You were only invited to round out the numbers anyway lol
Dkk
16:05
I'm too old to r&r, just gunna kms rn.
Dkk
16:05
Gotta get this show on the road.
Dkk
16:05
Lmfao
JumpySubsequentDolphin
16:05
washu stop emailing me while I’m waiting for a decision challenge
[] baddestbunny
16:05
I'm not in their webinar I just thought it would be a funny thing to have happen
[] baddestbunny
16:05
bc I have a sense of whimsy and imagination
Ah, youre a worm gorl'
shaquilleoatmeal
16:07
battle of the bunnies
How bout dat ASU wave
letsseehowitgoesnow
16:08
bunny hows it looking out there?
[] baddestbunny
16:08
I just think it's weird when a make a joke about everyone in the yale webinar being tortured by a malevolent spirit and someone says you only got invited to round out the numbers
why
go off queen
[] baddestbunny
16:09
which number am I rounding out? 5'4 women who deserve to be tortured?
someone invited to the yale webinar would get it
[] baddestbunny
16:10
if you don't get invited to the yale webinar canada sends you an email letting u know you qualify for MAID
what's that
Send MA ID
BulbasaurNoLikeCardio
16:16
LawHub blocking me from status checker, guess I ain't going to law school now
"Go touch grass" - Lawhub
BulbasaurNoLikeCardio
16:17
Pretty much lol
BulbasaurNoLikeCardio
16:18
Even though its only second check of the day
"day"
lol
bru check that like once a week
why does lawhub status checker not have all of my applications wth
Reasons
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