Explained | What is a Micro Business?

Think you want to start a micro business? Here’s what you need to know:
https://www.incfile.com/start-a-busin...

Small businesses make up a majority of all businesses in the U.S… but what is a micro business, anyway?

There is no hard and fast definition for a micro business, but generally, it refers to a business with few employees that brings in under a quarter million in revenue each year.

You might be wondering, isn’t that basically a side hustle? But the answer is, not really. Side hustles are usually meant to supplement income from a full time job, or pay the bills between jobs. Side hustles are also often sole proprietorships with no employees, whereas micro businesses may well bring on a few staff members.

If you’re thinking of starting a micro business of your own, the most important step is forming a legal business entity. An LLC is a good choice for most micro businesses, and at Incfile, we’ll offer big relief for your small business. Our $0 + state fee LLC is cost-effective and fast, plus we handle all the paperwork, so you can focus on all the big (and small) stuff.