Your startup is off the ground and going strong. As you grow, you find yourself wondering: does your business need a board of directors? Here’s how you know – and the steps to get there!

Most entrepreneurs are sole proprietors. In fact, sole proprietorships are the most common business structure in the United States: accounting for 73% of all businesses and including more than 23 million people. Sole proprietorships can vary in size, but they come down to this essential structure: one person owns, operates, and pays taxes on the business.