Individual Business – Legal, Tax, and Financial Considerations of Operating As an Individual Business

A single-person company is one that is run by and solely owned by the owner. This kind of business is most frequent among small companies. Some states may require individuals to register with the state as a business or occupancy permit and get an Employer Identification Number (EIN) If they intend to employ employees or sell tax-deductible goods or services. This article will give you details on the tax, financial and legal aspects of running a business as an individual.

If you’re a business proprietor, this is a must-read. This Harvard Business Review article will make you think about your own leadership style. Similar to this as this Huffington Post piece is sure to resonate with any small-scale business owners who work directly with customers. It exposes the unacceptable behaviors that cause people to leave your business, as well in ways to alter them.

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