16 Aug Individual Business – Legal, Tax, and Financial Considerations of Operating As an Individual Business
A single-person business is one run by and solely owned by the owner. This kind of business is most popular among small businesses. Certain states require that individuals apply for an occupancy permit or business permit with the state and get an Employer Identification Number in the event that they plan to hire employees or to sell tax-deductible services or products. This article will provide you with information on the legal financial, tax, and legal requirements for operating as an individual business.
If you’re a business proprietor, this is a must-read. This Harvard Business Review article will prompt you to consider your own leadership style. Also the Huffington Post piece is sure to resonate with all small-scale business owners who interact directly with customers. It identifies unacceptable behavior that cause people to leave your company, as well for ways to improve these behaviors.