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

A single-person business is owned and operated solely by the individual who owns it. This is the most frequent kind of small-scale this business. Some states may require businesses to be registered with the state as a business or occupancy permit and obtain an Employer Identification Number (EIN) in the event that they intend to employ employees or sell taxable goods or services. This article will give you information on the tax, financial, and legal aspects of operating a business as an individual.

If you’re a business owner, this article is an absolute must-read. This Harvard Business Review article identifies four characteristics of the most successful kind of business leaders. It will leave you thinking about your personal leadership style. Similar to this the Huffington Post piece is sure to be a hit with small business owners who deal directly with customers. It identifies unacceptable behavior that can cause people to abandon your business, as well in ways to alter these behaviors.

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