A single-person business is owned and operated solely by one person. This type of business is the most common among small businesses. Some states may require businesses to sign up with the state as an occupancy permit or a business and get an Employer Identification Number (EIN) If they intend to hire employees or sell taxable products or services. This article will give you details on the tax, financial and legal aspects of operating a business as an individual.
If you’re a business entrepreneur, this article is a must-read. This Harvard Business Review article identifies four traits that make the best kind of business leaders. It will leave you thinking hard about your personal style of leadership. This Huffington Post article will also be of interest to small business owners who interact directly with customers. It identifies intolerable behaviors that push people away from your business, as well the ways to correct the behavior.