Smlbizlaw Fast Facts!


According to the United States Small Business Administration (SBA), small firms employ just over 50 percent of all private sector employees and have generated 64 percent of net new jobs over the past 15 years.

And small business employ 40 percent of workers in the high tech sector (scientists, engineers, computer programmers) in the U.S.

In terms of intellectual property, small businesses produce 13 times more patents per employee than large patenting firms; these patents are twice as likely as large firm patents to be among the 1 percent most cited.

The SBA defines “small” as an employer with 500 employees or less.


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