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An individual business is one which is owned and operated by a single individual. This is the most common type of small business. Certain states may require individuals to apply for an occupancy permit or business and obtain an Employer Identification Number (EIN) if they intend to employ employees or sell taxable products or services. This article will give you information about the legal financial, tax, and legal considerations of operating as an individual business.
This is a must-read for anyone who is a business owner. This Harvard Business Review article identifies four traits of the most effective kind of business leaders. It’ll leave you thinking hard about your personal leadership style. Similar to this as this Huffington Post piece is sure to resonate with small business owners who deal directly with customers. It identifies unacceptable behavior that can cause people to abandon your company, as the ways to correct them.