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These companies include family restaurants, home-based companies, clothing, books, and publishing companies, and small manufacturers. As of 2021, 32.5 million small businesses with 61.2 million employees were operating in the United States. Business activities often include the sale and purchase of goods and services. Business activity can take place anywhere, whether that’s in a physical storefront, online, or on a roadside. Anyone who conducts business activity with financial earnings must report this income to the Internal Revenue Service . Where two or more individuals own a business together but have failed to organize a more specialized form of vehicle, they will be treated as a general partnership.

  • Are you growing your business, with plans to scale to the next level?
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  • OPEC lowered its forecast for global oil demand