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Small businesses are privately owned corporations, partnerships, or sole proprietorships that have fewer employees and/or less annual revenue than a regular-sized business or corporation businesses are defined as small in terms of being able to apply for government support and qualify for preferential tax policy varies depending on the. Small business information, insight and resources | smallbusinesscom. The nyc department of small business services (sbs) helps unlock economic potential and create economic security for all new yorkers by connecting new yorkers to good jobs, creating stronger businesses, and building thriving neighborhoods across the. What you need to know the world's most famous tailor has followed one simple plan that has grown his tiny hong kong shop from a small business.