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

A single-person company is one that is owned and operated solely by the individual who owns it. This type of business is the most prevalent among small-sized businesses. Some states may require businesses to register with the state as an occupancy permit or business and obtain an Employer Identification Number (EIN) if they plan to employ employees or sell taxable goods or services. This article will provide details about the financial, tax and legal aspects of running a business as an individual.

This is a must-read for any business owner. This Harvard Business Review article identifies four traits that make the best kind of business leaders and will have you thinking hard about your personal leadership style. 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 cause people to leave your business, as well how to change these behaviors.

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