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

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

An individual business is one that is owned and operated by a single individual. This is the most typical kind of small-scale business. Some states may require individuals to sign up with the state as an occupancy permit or a business and obtain an Employer Identification Number (EIN) when they intend to employ employees or sell taxable goods or services. This article will provide details regarding the legal, tax, and financial requirements for operating as a private business.

This article is essential for anyone who is a business owner. This Harvard Business Review article identifies four traits of the most effective business leaders. It will leave you pondering your own leadership style. This Huffington Post article will also be a hit with small-business owners who interact directly with customers. It identifies unacceptable behaviors that drive people away from your business, as well how to fix them.

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