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

A single-person business is one managed and owned solely by the owner. This kind of business is most prevalent among small-sized businesses. Some states may require businesses to be registered with the state as an occupancy permit or a business and obtain an Employer Identification Number (EIN) If they intend to employ employees or sell taxable goods or services. This article will provide information on the tax, financial and legal aspects of operating a business as an individual.

If you’re a business proprietor, this article is an absolute must-read. This Harvard Business Review article identifies four traits that make the best kind of business leaders. It’ll leave you pondering your own leadership style. This Huffington Post article will also be of interest to small business owners who deal directly with customers. It identifies intolerable behaviors that cause people to leave your company, as well the ways to correct the behavior.

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