Georgia law defines a small business as one that is independently owned and operated, with up to 300 employees or $30 million in gross receipts per year. Small businesses are further classified into tiers: Tier 1: 10 or fewer employees or $1 million or less in gross receipts per year Tier 2: 100 or fewer employees or $10 million or less in gross receipts per year Tier 3: 300 or fewer employees or $30 million or less in gross receipts per year