Individual organization

A business that may be owned by simply an individual without a separate legal entity, for instance a partnership or perhaps LLC. This form of organization is often started by a exclusive proprietor who has unlimited legal responsibility for the business’ debts. If the organization fails or perhaps loses a lawsuit, the owner’s personal assets may be taken from her / him. This is the most usual type of organization for those who want to work individually, but it also has its own click this disadvantages. For instance, the sole proprietor is definitely taxed on the income and losses like they were a staff, and they must pay fees on their business earnings on the personal tax returns. In this posting, Harvard Business Review examines some of the best types of individuals who run businesses and share tangible steps to become one of them. Customer service isn’t really always the great thing, and Alexander Kjerulf explains why in this Huffington Post article. 2 weeks . great business article for many who find themselves in the position of dealing with customers on a daily basis.