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 owner. This is the most frequent type of small business. Some states require individuals to register as a business permit or occupancy permit with the state and get an Employer Identification Number when they intend to hire employees or sell taxable products or services. This article will give you information on the legal, tax, and financial aspects of operating as a private business.

This is a must-read for anyone who is a business owner. This Harvard Business Review article identifies four traits of the best business leaders. It will leave you pondering your personal style of leadership. Similar to this, this Huffington Post piece is sure to be a hit with small-scale business owners who work directly with customers. It identifies unacceptable behavior that cause people to leave your business, as well the ways to correct the behavior.

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