A single-person business is one managed and owned solely by the individual who owns it. This type of business is the most prevalent among small-sized businesses. Certain states require that individuals obtain an occupancy permit or business permit with the state and obtain an Employer Identification Number in the event that they plan to hire employees or sell tax-deductible products or services. This article will give you information 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 characteristics of the most successful business leaders and will leave you thinking hard about your personal leadership style. Likewise as this Huffington Post piece is sure to resonate with all small business owners who deal directly with customers. It exposes the unacceptable behaviors that make people leave your company, as as how to change the behavior.