A new study finds that the difference between being an entrepreneur and a business owner lies in your company’s legal status.
- According to a study in the Quarterly Journal of Economics, a business’s legal status is what separates entrepreneurs from other business owners.
- Entrepreneurs tend to be incorporated, while small business owners are not.
- Incorporated business owners reported an increase of $6,600 in median annual earnings compared to their previous salaries when they became entrepreneurs, according to study findings.
Dispatches From The Front 