2009 Michigan Laws 24.207a – Small business defined

Sec. 7a.

“Small business” means a business concern incorporated or doing business in this state, including the affiliates of the business concern, which is independently owned and operated and which employs fewer than 250 full-time employees or which has gross annual sales of less than $6,000,000.00.

History: Add. 1984, Act 273, Eff. Mar. 29, 1985 ;– Am. 1999, Act 262, Eff. Apr. 1, 2000