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

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A single-person business is one managed and owned solely by the individual who owns it. This type of business is the most common among small businesses. Some states may require people to be registered with the state as a business or occupancy permit and obtain an Employer Identification Number (EIN) if they intend to hire employees or sell taxable goods or services. This article will provide you with information about the legal financial, tax, and legal factors to consider when operating as a private business.

If you’re a business proprietor, this article is an absolute must-read. This Harvard Business Review article identifies four characteristics of the most successful business leaders and will have you thinking about your personal style of leadership. In the same way the Huffington Post piece is sure to resonate with all small business owners who deal directly with customers. It exposes the unacceptable behavior that cause people to leave your business, as well ways to address the behavior.

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