After many years, the US economy is booming once again. The stock market experiencing strong growth and business hiring is increasing. Likewise, small enterprises are expanding their operations and taking full advantage of the economic growth.
As you know, small businesses are vital for the growth of the overall economy. Approximately 28 million small companies are currently operating in United States. Figures show that small businesses make up half of America’s gross domestic product and offer employment to 57% of America’s working population. Furthermore, they cover 26% of exports and payout 44% of total US payrolls.