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MGTA01H3 Full Course Notes
Small business: government relies on two distinct sources of information. To be in the register a business must have at least one paid employee, and annual sales of more than k, or be incorporated. Its considered small if the company have fewer than 100 employees for a goods producing company, and less than 50 employees if its a service producing company. . Self employed: individuals who are working owners of a business that is either incorporated or unincorporated, if they work for themselves but do not have a business, or working for family without pay. An unincorporated business operated by a self- employed person would not be counted among the 2. 2 million businesses in the register. Majority of businesses in canada have no employees ( just the owners) nor are the incorporated. Tracked a sample of canadian nascent entrepreneurs- people who are rying to start a business over four years.