Starting a Business From Scratch


Starting a Business From Scratch

Whether it’s from a garage, living room or even the back of a taxi, these individuals are building successful companies from the ground up. These powerful trailblazers have demonstrated that resourcefulness and goal can go quite a distance in business. An individual business is actually a legal structure that allows just one owner to work a company without requiring registration together with the state or obtaining an EIN from the IRS. One of the major benefits of an individual business is usually simplicity, nevertheless the drawbacks incorporate unlimited liability (all debts of the business pass through to the owner) and funding can be harder to come by.

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