Best Employment Lawyers in Minnetonka, MN

How a small business is defined depends on who is making that determination. The Small Business Administration defines a small business as businesses with 500 or less employees. The SBA has a number of size standards — including employee size and revenue size — depending on the industry. For the ACA (Affordable Care Act), it defines a small business as having fewer than 50 full-time employees. According to the ACA only 2% of employers employ over 100 employees, 2% employ between 50 and 100 and 96% of employers employ less than 50. According to the IRS, the size of a business is dependent on individual tax laws. However you define a small business, as an employer grows the number of employees will require the employer to comply with more regulations and employment laws. Growing your business and hiring more employees sounds great, but as your business grows you need to know what employment laws apply to your business and what is the impact to operating your business.