Small to Medium Enterprise (SME)

As an entrepreneur or small business owner, a multitude of actions and considerations will need to be made while forming a business or taking steps to build your business. For example, what type of business concept will be pursued such as service, merchandising, and manufacturing or forms of Business Organization such as Sole Proprietorship, Partnership, Limited Partnership, Corporation (S-Corp or C-Corp), Limited Liability Organization (LLCs), Non-Profit, or Cooperative (Co-op).

In the U.S., the definition of a Small to Medium Enterprise (SME) varies by industry, based on the North American Industry Classification System (NAICS). NAICS is a system developed by the U.S., Canada, and Mexico to standardize and facilitate the collection and analysis of business statistics.