A business that is solely owned by a single person is one that is operated and owned by the individual who owns it. This kind of business is most common among small businesses. Certain states require that individuals apply for a business permit or occupancy permit with the state and get an Employer Identification Number if they plan to employ employees or sell tax-deductible goods or services. This article will provide details about the legal, tax, and financial factors to consider when operating as a private business.
If you’re a business owner this article is a must-read. 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. This Huffington Post article will also resonate with small business owners who interact directly with customers. It highlights the insidious behaviors that make people leave your company, as for ways to improve the behavior.
