We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
According to the U.S. Small Business Administration (SBA), small businesses: represent 99.7 percent of all employer firms; employ half of all private sector employees; pay 44 percent of total U.S. private payroll; have generated 65 percent of net new jobs over the past 17 years; and create more than half of the nonfarm private GDP
