The EU articulates a specific definition for SMEs. Take a look at http://ec.europa.eu/enterprise/enterprise_policy/sme_definition/sme_user_guide.pdf
The above link takes you to a booklet that defines SMEs and their importance to the European economy.
Daniel H. Erskine, Esq., an international attorney, practices in New York and Connecticut focusing on international law, civil litigation, appeals, and small business transactions. www.erskine-law.com Attorney Advertising; USE OR VIEWING OF THIS BLOG OR ANY OF THE WEB PAGES LINKED TO IT DOES NOT ESTABLISH OR OTHERWISE CONSTITUTE AN ATTORNEY-CLIENT RELATIONSHIP.