What is small business

All agencies, including CDC, have annual procurement goals for each major type of small business. The table below provides an overview of the main types of small business classifications and their eligibility requirements. Click on the name of the type of small business to be routed to the SBA website to learn more about the resource and programs available for each business type. Skip directly to site content Skip directly to page options Skip directly to A-Z link.

Section Navigation. Facebook Twitter LinkedIn Syndicate. How is Small Business Defined? How do I Register as a Small Business? Now is a great time to run a SME. To find out more about the SME benefits that are offered through government incentives, visit the UK government website.

Get in touch with the tech-enabled team at Bionic to make great savings on business energy and broadband, and find business insurance to protect against the unique risks that face your business. Energy What can we help you with?

Business Energy. Business Electricity. Business Gas. Learn more about Energy More Energy Guides. Insurance What can we help you with? Business Insurance. Public Liability Insurance. Motor Trade. Learn more about Insurance More Insurance Guides.

Connectivity What can we help you with? Business Broadband. Business Phone Line. Business VoIP. Learn more about Connectivity More Connectivity Guides. Finance What can we help you with?

Business Loans. Learn more about Finance More Finance Guides. Company Find out About Bionic. Customer Stories. Press Releases. Find out more at our Director ID information page. If you are operating or are planning to operate a small business as a registered company or under a registered business name, this content is for you. ASIC assists small business as we regulate all companies, financial markets and providers of financial services and consumer credit in Australia and manage the registration of business names.

A small business can be structured under a company, joint venture, partnership, trust or as a sole trader. Find out more about setting up a business structure.

From financial years commencing on or after 1 July , a proprietary company is a small proprietary company for a financial year if it satisfies at least 2 of the following:. To decide on the structure that best suits your business needs we recommend that you get professional advice about your circumstances. If ASIC finds people or organisations have broken the law we have the power to ban or disqualify company directors, ban individuals from the financial services and credit industries and take civil or criminal action against companies or company officers.

Listen to the podcast on the Smallbizmatters website. To start a small business, you will need to decide on the structure that best suits you; this could be a business name or a company. If you decide to register a company, you will also need to appoint company directors and officeholders and find out how to meet your legal requirements.