Government agencies define small businesses in different ways.nnIRS Small Business DefinitionnnThe Internal Revenue Service defines a small business as any enterprise that earns less than $10 million per year. However, different small business tax benefits might have additional qualifications.nnSBA's Small Business DefinitionnnThe SBA's definition of a small business depends on the industry. The following industries often have subsectors that might change the number of employees or the maximum average annual receipts cutoff for small businesses. In a later section, we will cover how to find your exact subsector using NCAIS codes.nnAverage annual receipts refer to total revenue plus the cost of goods sold. The standards are as follows:nnAgriculture: You cannot exceed $750,000 in average annual receipts for most agricultural businesses. However, some subsectors in fishing and gaming can go as high as $27.5 million (Postharvest crop activities).nnOil & Gas Extraction: 1,250 employees or 750 employees if natural gas liquid extraction.nnMining & Mining Support: Between 250 and 1,500, depending on the subsector. Some subsectors use annual receipts instead, and the limits range between $18 million and $45.5 million.nnUtilities: Depending on the sector, no more than 250 to 1,500 employees. Three utility subsectors use annual receipts, ranging between $26.5 million to $36 million.nnConstruction: There are many construction subsectors. On the low end, construction businesses cannot exceed $16.5 million, and the high-end limit is $39.5 million.nnManufacturing: Depending on the subsector, it cannot exceed 500 to 1,500 employees.nnWholesale Trade: Between 100 and 250 employees, depending on the subsector.nnRetail Trade: Most sectors use average annual receipts, with the cutoff for small businesses running between $8 million and $41.5 million. A few retail subsectors use the total number of employees between 100 and 200.nnTransportation and warehousing: Employee limits range from 500 to 1,500. Some sectors use receipts ranging from $8 million to $41.5 million.nnInformation: Employee limits are between 250 and 1,500 employees; annual receipts range from $9.5 million to $41.5 million.nnFinance and Insurance: Some sectors limit employees to 1,500, and others limit annual receipts between $13 million and $41.5 million. The small business cutoff for some financial companies depends on total assets, not to exceed $750 million.nnReal estate, rental, and leasing: Average annual receipt limits range from $8 million to $41.5 million.nnProfessional, scientific and technical services: annual receipt limits range from $8 million to $41.5 million. For other subsectors, employee limits range between 150 to 1,500 employees.nnManagement of companies and enterprises: Offices of bank holding companies cannot exceed $34 million in average annual receipts. Offices of other holding companies cannot earn more than $40 million.nnAdministrative and support, waste management, and remediation services: Depending on your subsector, no more than $7.5 million to $41.5 million in average annual receipts.nnEducational services: Depending on the subsector, cannot exceed more than $8 million to $41.5 million in average annual receipts.nnHealthcare and social assistance: Cannot exceed $7.5 million to $38.5 million in average annual receipts, depending on the subsector.nnArts, entertainment, and recreation: Depending on the subsector, it cannot exceed between $8 million and $41.5 million in average annual receipts.nnAccommodation and food services: Cannot exceed between $8 million and $41.5 million in average annual receipts, depending on the subsector.nnOther services: Depending on your subsector, no more than $7 million to $41.5 million in average annual receipts.