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Is used to describe a small business that is owned and operated by members of the same family. These businesses are usually brick-and-mortar establishments that operate in a single location and serve a local community. Mom-and-pop businesses can include restaurants, grocery stores, bookshops, fabrication shops, campgrounds, plant nurseries, repair shops, and other retail offerings. They often struggle to compete with big-box stores that have more buying power.

Is a corporation, partnership, or sole proprietorship that has a lower number of employees (and typically lower revenue) than larger businesses. Businesses are defined as “small” in terms of being able to apply for government support and qualify for preferential tax policy. The exact legal definition of a small business can vary from place-to-place and is often dependent on the industry of the business.
Is a business that is not controlled by a corporate entity, a public company, or another business. It is usually a privately owned establishment, as opposed to a public limited company, which is owned by investment shares traded in the stock market. It is a for-profit business that has no shareholders and no duty to them.
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