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

A single-person business is one managed and owned solely by that person. This is the most typical type of small business. Certain states require that individuals obtain 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 sell tax-deductible services or products. This article will give you details about the tax, financial and legal aspects of running a business as an individual.

This article is essential for any business owner. This Harvard Business this Review article identifies four traits of the best business leaders. It’ll leave you pondering your personal leadership style. This Huffington Post article will also resonate with small-scale business owners who interact directly with customers. It identifies the wrong behaviors that turn people off from your business, as well ways to address these behaviors.