You have heard it said repeatedly that small businesses are the “backbone of the United States economy,” and while you might be tempted to think that this is a bit of a reach, it is most definitely a true statement. Consider the fact that the most recent statistics indicate that small businesses employ nearly half of the private workforce and that 97.7% of firms conducting international trade were small businesses. Net new jobs constituted 1.7 million workers being employed and there are almost 30 million small businesses in the nation. While the number of small businesses remains fairly steady, even
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