Small and Medium-sized Enterprises: Difference between revisions

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Companies whose headcount or turnover falls below certain limits.
Companies whose headcount or turnover falls below certain limits.


For example, the European Union takes SMEs as having fewer than 250 employees and either turnover not exceeding €50m or (annual) balance sheet not exceeding €43m. Even within the EU, Member States may use different levels for domestic purposes.
The criteria vary between different jurisdictions.
 
Even within the European Union, Member States may use different levels for domestic purposes.




''Note.''  
''Note.''  


The term uses 'enterprises' and not 'companies'. Of course, it might have used 'firms' or 'businesses' and so on rather than 'enterprises'. The reason is that the overwhelming majority of enterprises are not companies but are unincorporated small businesses.  
The term uses 'enterprises' and not 'companies'. Of course, it might have used 'firms' or 'businesses' and so on rather than 'enterprises'.  
 
The reason is that the overwhelming majority of enterprises are not companies but are unincorporated small businesses.  




== See also ==
== See also ==
* [[Challenger bank]]
* [[Company]]
* [[Company]]
* [[Financial reporting]]
* [[Micro-enterprise]]
* [[Micro-multinational]]
* [[Mid-sized companies]]
* [[Mid-sized companies]]
* [[Prompt Payment Code]]
* [[Retail]]
* [[Small Business Commissioner]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]

Latest revision as of 21:28, 28 April 2022

(SMEs).

Companies whose headcount or turnover falls below certain limits.

The criteria vary between different jurisdictions.

Even within the European Union, Member States may use different levels for domestic purposes.


Note.

The term uses 'enterprises' and not 'companies'. Of course, it might have used 'firms' or 'businesses' and so on rather than 'enterprises'.

The reason is that the overwhelming majority of enterprises are not companies but are unincorporated small businesses.


See also