How many corporations (SME & Enterprise) are there in the US and the world, and what's the best resource to find this data?
The 2006 US Census Bureau estimates a total of 6 million firms based in the US. Of these, only 18,000 have more than 500 employees, yet they represent 50% of employment and 60% of total US revenues. To get the world numbers you would need to get census data for the main countries. For example, Mexico has over 4 million firms but only 4,000 are larger than 500 employees; Chile has 1 million firms but only 9,000 are big, and so on.
How many corporations (SME & Enterprise) are there in the US and the world, and what's the best resource to find this data? - Quora
Most incorporated businesses have less than 5 employees.
THIS is what the left demonizes.
LLC, LLP, and Inc - it's about limiting liability, not about size.
Exactly. When we incorporated our business, we had four employees including us. But before we turned over that business to our partners and left the firm, we were providing opportunity for a pretty good living to about 20 people. But due to the nature of our business, it was necessary to incorporate to protect our personal assets in case of lawsuit, etc.
In addition to the corporations, however, you do have a whole bunch more partnerships and sole proprietorships who do not incorporate to avoid double taxation on their income and therefore do incur somewhat higher risk.
But despite how small millions of American businesses of all types are, it is the small businesses (fewer than 500 employees) who are providing the large lion's share of the jobs. And it is the small businesses, those less able to shelter their income overseas, etc., that the Obama administration is targeting for higher taxes. And every dollar confiscated as taxes will be a dollar not available to increase wages and benefits for the workers and/or not available to hire somebody in a new job.
This brings us back to the frustrating part of debating these issues with liberals. Liberals say it is only FAIR that the rich and corporations pay more. And they point to a Warren Buffett and to big corporations who approve of that concept as proof that they are right.
What they don't see is, or refuse to acknowledge, is that Warren Buffett can shelter most of his income from the tax man and is currently in a legal contest to resist paying addiitonal taxes that the government says he owes from his business.
What they don't see, or refuse to acknowledge, is that big corporations can and do shelter most of their income off shore and WANT the governmdent to take out their competition from small business by taxing it more or requiring the small businesses to provide the same kinds of benefits etc. that large corporations provide their employees, etc.
What they don't see is that requring small business and wealthier people to pay more in taxes takes money out of the economy that helps the less wealthy and provides jobs.
Again it is the motive of 'intent" (i.e. fairness) versus results that drives the liberal mindset. Conservatives see that motive is worthless if the results are opposite intent. And positive results are positive results regardless of intent.
But try to get a liberal to debate THAT instead of the straw men, red herrings, non sequiturs, and anecdotal evidence they will use to support their point of view.