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 kind of business is most prevalent among small-sized businesses. Some states may require people to be registered 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 give you details about the tax, financial, and legal aspects of operating a business as an individual.

If you’re a business owner this article is an absolute must-read. This Harvard Business Review article identifies four traits of the most effective business leaders and will have you thinking about your personal style of leadership. Also the Huffington Post piece is sure to resonate with any small-scale business owners who work directly with customers. It identifies unacceptable behaviors that drive people away from your company, as well as ways to alter these behaviors.