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A business that is solely owned by a single person is one owned and operated solely by the owner. This type of business is most common among small businesses. Some states may require people to be registered with the state as an occupancy permit or business and get an Employer Identification Number (EIN) If they intend to employ employees or sell taxable goods or services. This article will provide details on the legal financial, tax, and legal factors to consider when operating as an individual business.
If you’re a business proprietor, this article is a must-read. This Harvard Business Review article identifies four traits of the most effective kind of business leaders. It will leave you pondering your personal style of leadership. Likewise, this Huffington Post piece is sure to resonate with all small business owner who deals directly with customers. It exposes the unacceptable behavior that can turn off customers from your company, as well as ways to address the behavior.