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

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A business that is an individual one that is owned and operated by a single individual. This kind of business is most prevalent among small-sized businesses. Some states may require businesses to sign up with the state as an occupancy permit or business and obtain an Employer Identification Number (EIN) when they intend to employ employees or sell tax-exempt goods or services. This article will provide details about the tax, financial and legal aspects of running a business as an individual.

If you’re a business entrepreneur, this article is essential to read. This Harvard Business Review article will inspire you to think about your own leadership style. In the same way, this Huffington Post piece is sure to resonate with small-scale business owners who work directly with customers. It identifies unacceptable behavior that can cause people to abandon your company, as well the ways to correct the behavior.


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