Micro, small to medium enterprises (or entities) are business setup in general and categorized as such based on either total asset value, number of employees or revenues.
The Philippine Magna Carta for MSMEs defines MSMEs (using asset size) as follows:
Micro: Up to Php 3,000,000
Small: Php 3,000,001 – 15,000,000
Medium: Php 15,000,0001 – 100,000,000