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A small entity pays 50% of the full rate. A micro entity pays only 25% of the full rate, which is a 75% discount off the full rate, and half the rate paid by a small entity.
The second tier is referred to as a small entity. The small entity pays a reduced fee of about 50% the fee compared to the large entity. The third tier is referred to as a micro-entity. The micro-entity pays a reduced fee of about 75% the fee compared to the large entity.
0:00 2:16 Provisional Application for Patent Cover Sheet SB16 - YouTube YouTube Start of suggested clip End of suggested clip Step 1 enter the following inventor. Information number 1 the inventor is the one who contributes toMoreStep 1 enter the following inventor. Information number 1 the inventor is the one who contributes to the conception of the invention. And must be the inventor.
A micro-entity has the option not to file its profit and loss account. As for a small entity, there are a number of statements required when filing the annual accounts with the Registrar of Companies.
Under government rules, small companies can file abridged accounts. These are less detailed than full accounts. However, micro-entities can take things a step further, filing micro-entity accounts that are lighter again in terms of detail.
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To establish micro entity status on the gross income basis, the applicant or patentee should file form SB/15A in the application or patent. To establish micro entity status on the institution of higher education basis, the applicant or patentee should file form SB/15B in the application or patent.
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Small entities are any for-profit company with 500 or fewer employees, any nonprofit organization, or an independent inventor.