Entrepreneur or Small Business Owner: Which One Are You? | businessnewsdaily.com

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.

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