The owner of a valet parking company operating in several states, Curtis Hennigar, oversees the management team and employees. Under Curtis Hennigar’s guidance, the company won the 1998 Small Business of the Year award.
Small businesses are privately-owned corporations, sole proprietorships, and partnerships that adhere to size and revenue standards set by the United States Small Business Administration (SBA). The SBA defines small businesses as companies with 1,500 employees or fewer employees and less than $38.5 million in annual receipts.
These requirements vary by industry, though. For example, the SBA does not recognize an entity as a small business in the manufacturing and mining industry if it has over 500 employees. At the same time, special trade contractors must make less than $12 million a year, while retail and service companies must have less than $6 million in revenue.
In addition, all small businesses must meet defining qualifications. The business must establish its headquarters operate primarily in the United States. It must remain an independently owned and operated for-profit business. Companies that dominate their field are not recognized as small businesses, regardless of the number of employees or revenue.
Curtis Hennigar 