Individual Business

Individual organization

A business that is owned by an individual with out a separate legal entity, such as a partnership or perhaps LLC. This form of business is often started by a lone proprietor who have unlimited the liability for the business’ obligations. If the business fails or perhaps loses a lawsuit, the owner’s personal assets may be taken from him or her. This is the most popular type of business for those who desire to work independently, but it also has some disadvantages. For instance, the sole proprietor is certainly taxed individual income and losses as though they were an employee, and they need to pay income tax on their business earnings individual personal tax returns. In the following paragraphs, Harvard Business Review examines some of the best types of individuals who run businesses and gives tangible steps to become one of them. Customer service is not really always a good thing, and Alexander Kjerulf talks about why from this Huffington Post article. It’s a great business article for those who find themselves in the position of dealing with customers technical writing and technical disciplines on a daily basis.

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