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business

Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services). Simply put, it is "any activity or enterprise entered into for profit."Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.
The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company. A company, on the other hand, is a separate legal entity and provides for limited liability, as well as corporate tax rates. A company structure is more complicated and expensive to set up, but offers more protection and benefits for the owner.

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Recent contents Top users
  1. Tony

    Advice Please on a NEW BUSINESS OPNENING as a Gas Safe Engineer

    Hi everyone, am about getting a van for my business as a Gas safe engineer. what do I need to put into consideration towards establishing business. which company sector offer a good public liability insurance for business what are the major TOOLS do I need to get in the van for as business...
  2. A

    Research into plumbers and how they promote their business

    Hello! I'm currently doing some research into the plumbing trade and wanted to understand a bit around how smaller traders (micro-business / self-employed) promote themselves to their customers. My research so far has been limited to a Google search, but I'm curious to know a bit around: -...
  3. O

    Business account.....

    hi lads, Could anyone tell me if it’s better when opening a business account to do it in the same bank as my personal account? Any recommendations..? Regards, Ron
  4. J

    Does a business NEED a commercial boiler?

    My business currently has a boiler that is 30 years old and way too powerful for what is needed. 45kw driving noting but 11 radiators that will soon be downsized to 7. I want to get rid of it and put an combi in so we can have a hot water tapnin the kitchen instead of the instant hot water tap...
  5. P

    Having problems getting heating engineers to reply to requests for business.

    I have now contacted 3 different gas engineers by either email or web form asking for a quote for a job at my daughter's house in East Bowling, Bradford. On all 3 occasions I have had no reply from the business I contacted. In fairness, I have had the same (lack of) response for requests for...
  6. simPRO

    Invite to FREE business workshop (26 September 2017, Cambridgeshire)

    simPRO is a new sponsor on this forum and we would like to invite members to our Build a Better Trade Business Workshop - a day of essential business advice for trade business owners. Join us on 26 September 2017 at our offices in St Ives, Cambridgeshire, to receive essential tips and tricks in...
  7. RoryD

    Business Grant Scam???

    I've recently received a phone call from Business Grants & Funding ® - Easy Funding for Business Growth.. They called from out of the blue offering me the earth. It was too good to be true......!! Then yesterday I had the great news that they may be able to accept me for the grant and needed to...
  8. GQuigley67

    For all you business owners

    hi guys Been thinking about some sort of investment into my business lately to expand, not sure if i really need to though. Was thinking private investors you can find online, anyone done anything similar? I feel my business is going ok, since January 2016 my turnover has been £77k(declared...
  9. Caesar

    What are your daily challenges running your business?

    Just wondering what daily challenges do you have running your business? Are you happy with the number of clients/customers/work you have?
  10. Dan

    Do your website's get you business coming in?

    Wondering how many of you use websites and your web presence generally to get business in...? I've set up an area in the arms where I'm going to help you sort your website's out. For free. :)
  11. R

    another one! Bod its up your way..

    know any thing about this set up Lee? https://www.uka247.com/public got this email and something dosnt look right especially on monetry terms.... Urgent – We are seeking a reliable quality repairer in your area- can you help? UKAssistance247 provide services to the Insurance and Property...
  12. G

    worcester bosch supply chain

    Anyone know of a co.who can supply and deliver me with Worcester boilers at a good price and high volume (50 a month) indirectly? Don't want to deal with Worcester directly or any plumb centres? All suggestions welcome
  13. S

    Setting up My Own Business...

    Hey Everyone (please excuse me if this isn't the correct place to post this in. I did have a good look down the forum list and figured that this was the best forum to post in. But excuse me if it is not). I'm currently based in London and am going to try going solo. I've not yet registered my...
  14. M

    Business, Health and Safety and Consumer Law courses

    There are some useful course here, at very reasonable cost: http://trustmark.businesstraining.org.uk/course/categories Obviously won't replace qualified legal advice but should help tradesmen avoid falling into the kind of situations where such advice might be needed! Hope it's of some help...
  15. cr0ft

    Multiskilled Tradesperson Vacancy - Lincoln

    Dripbusters Ltd is seeking to recruit an experienced multi-skilled tradesperson. As we are a small business our work is hugely varied and so no two days are the same! We're aware that we are looking for someone exceptional and so are offering a top salary to match. Being a top tradesperson is...
  16. S

    website for your business

    Just wondering what people's thoughts are on having a website. Do you have one? Create yourself? If so what software did you use? Or did you have a company create one for you? Last of all does it generate much work for you?
  17. D

    genuine chanceto do business

    Good Evening, are there any new business's in the NW London area(Stanmore Harrow Bushey), I am looking for a company that is looking to grow and take on new business, within our little group we already have a painter sparky general plumber spread. but are looking for a gas safe guy/girl to...
  18. W

    Gas Safe without Gas Safe?

    Hi guys, I'm currently in the process of getting round to getting all the necessary qualifications in order to become Gas Safe. I've been doing domestic plumbing working strictly with water, no gas, and wanted to get some advice from you guys regarding making my company Gas Safe. I get alot of...
    • WaterPlumber
    • Thread
    • business company engineer gas gas engineer gas safe gas safe register gsr register safe without
    • Replies: 25
    • Forum: Plumbing Jobs | The Job-board
  19. V

    Vat And business advice

    Help Right have had to get rid of business partner ...long story and not best pleased with him or his methods . The firm is vat registered ...have been doing good till he started messing it about . But now have been offered some subcontract work , good money but they wont pay vat. Is it worth...
  20. U

    Necessary Quals to start my own plumbing business

    Hi, Looking to start my own plumbing business in the UK. Know the job very well through years of work but hold no qualifications as I have worked abroad. Would I need any qualifications to work on site? What sort of quals are required? And do constructions sites require you to be qualified as a...
    • Unregistered
    • Thread
    • answers business necessary please plumbing qualifications register start
    • Replies: 2
    • Forum: Plumbing Jobs | The Job-board
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