Damn, that's an order of magnitude higher than the rest of the world.
Never in my life would I have thought a business with more than 100 employees could be considered small. In the EU the cutoff is 50.
Yeah and if you have 20-50 people aboard you are already considered medium/big sized company. 500 is HUGE
My understanding is that the US doesn’t really have an official category called “medium sized”. So I think the “small business” category is better compared to EU’s SME category (small-medium-enterprise), which is often lumped together.