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

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

A business that is solely owned by a single person is one run by and solely owned by that person. This type of business is the most frequent among small companies. Certain states require that individuals obtain an occupancy permit or business permit with the state, and also obtain an Employer Identification Number for those who plan to hire employees or sell tax-deductible services or products. This article will provide details about the tax, financial and legal aspects of operating a business as an individual.

This is an essential read for every business owner. This Harvard Business Review article identifies four traits that make the best kind of business leaders. It will leave you thinking about your personal leadership style. Also as this Huffington Post piece is sure to resonate with small business owner who deals directly with customers. It exposes the unacceptable behaviors that push people away from your company, as well for ways to improve these behaviors.

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