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What is the difference between a corperation and small business?
Wiki User
∙ 12y ago
Both a small business and corporation are companies that employ people and operate as businesses. A corporation is often considered to be a large business but there is no standard definition when a business is 'small', 'medium' or 'large'.
Typical definitions for small, medium and large businesses are done by the number of employees
1-100: Small
100-1000: Medium
1000+ : Large
Businesses with less than 10 people are sometimes called 'micro' businesses or 'SoHo' businesses ('Small Office-Home Office')
Corporations often consist of a group of companies, rather than just a single company, so that is an alternative distinction.
Companies can grow into corporations but the process can reverse when corporations become too large and start to decline (see linked reference)
Wiki User
∙ 12y ago
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