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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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  1. R

    Day to day running of a business...

    Hi, I apologise if this is in the wrong section. I am nearly at the end of my college course to become a gas engineer and I will soon be gas safe registered. I have been on placement with Scottish Gas and hope to work for them for a year or two and then I would, ultimately, like to work for...
  2. cr0ft

    Business Insurance

    Hi all. Having paid £300 ish per year for PL and EL insurance, I am rather surprised that to be insured for plumbing and heating work instead of plumbing seems to be increasing my Insurance quotes by 5x ... Any gas fitters know of any competitive companies? £1,500 per year is bloody silly tbh...
  3. C

    New Plumbing Business

    Hi Guys, Not sure if this is the correct place to post this, but I was looking for some advise on the best websites to register a new plumbing business with. I am currently registering with checkatrade but was hoping for some other recommendations. Thanks in advance and apologies again if this...
  4. R

    Business studies for plumbers?

    Hi Everyone I often see stuff on this forum, and on Facebook, where tradesmen are seeking general business advice - rather than trade related advice. Or coming from a different angle, over 50% of businesses fail in the their first few years. I have spent nearly 30 years watching tradesmen...
  5. S

    Can I claim costs on this legally?

    So I'm thinking of starting to supply and install underfloor heating. Currently we just do plumbing and boilers. If if I were to install underfloor heating in my house throughout as an experiment to ensure its something that is something that will benefit the business of i were to get into it...
  6. H

    TC Bathrooms Viva shower pack - cartridge needed

    Hello all, I need a new cartridge for my shower. I have been able to identify it as a TC Bathrooms Viva shower pack. However TC Bathrooms have gone out of business and the two suppliers I've tried don't carry their spare parts. Does anyone have any idea where I might find a cartridge for this...
  7. U

    combi boiler for small business in converted domestic property

    Hi I need to look at replacing the boiler at work as its 15 years old and would like some advise. Just wondering what the best boiler would be-we currently have a system boiler but wondering if a combi is o.k We have 30 staff and its in a converted house-no real requirement for hot water...
    • Unregistered
    • Thread
    • boiler business combi combi boiler converted domestic oil property register wondering
    • Replies: 2
    • Forum: Plumbing Jobs | The Job-board
  8. hammers4spanner

    Your business input

    How much input and pushing do you guys put into your own business as a whole ? Do you spend a lot on advertising , sign written vans , tee shirts and tops with your business name, only use invoices that are purpose designed for your business , have a logo, spend time contacting builders or...
  9. G

    Any emergency plumbers in Stockport Macclesfield Hyde or High Peak areas?

    I am looking for an established emergency plumber. I have an insurance claims related business and deal mainly with escape of water claims resulting from burst pipes. I can add an extra income stream to your business so message me back. Need to be based in SK postcode.
  10. R

    Very nasty business

    My mate called me, he's been off work 3 years with a back injury, he used to work like a dog, he's down on his luck & depressed Anyway, he got a gay friend he invited over, being he's in pain this mate gave him some sort of legal high to try to help. Mate can't remember much but he woke up in...
  11. W

    Free no catch no charge business lists?

    Does anyone have a list of free business internet listings? Hearing horror stories about yell so looking to stay away for that type of listing. Thanks in advance.
  12. P

    Bog standard business - Charlie Mullins autobiography

    I read this while on holiday last week and have to say was a very inspiring read. His story will relate to most plumbers in the fact of he started from nothing and through grit and determination, built a massively successful business. However, as the book went on he began to reveal his true...
  13. T

    Business Success

    Hi Chaps n Chapettes Most of you work for yourself and most have started out from scratch , starting out for the first time can be a lonely place whilst you build up your rep and customer base, my business advisor always told me when you first start out your business will go to a high level...
  14. K

    where i am, starting my business

    So I am still in the process of starting up my business, I thought of of looking for a business mentor so i can run ideas from to help me. I mean this is the first time i have run a business, but i think for a majority of the questions i have i might ask here :smile5: I have put together and...
  15. F

    Setting up own business as sole trader

    Hello all, First post on this forum and looking for some advice setting up my own plumbing business (apologies if this type of post has been posted thousands of times before!)... I've been in the game 13-14 years now in total but mainly working for companies on the cards. I have wanted to go...
  16. M

    Opening Bathroom Showroom

    Hi all, ive been thinking for a while now of opening up my own bathroom showroom in my local area, and As I'm a plumber i would be able to install the bathrooms as well. Now I've done my research with local competitors, commercial rental etc and nothing is set in stone about the idea yet, but...
  17. GQuigley67

    Business leasing

    Anyone lease any cars through their business or vans? Looking into leasing a car through my business but would like to have others insured on it for personal use also, is it better to buy or lease? Also having to upgradd my van to a bigger one, would leasing be better than buying? Amd can you...
  18. T

    Female Plumber Starting Own Business although she might regret her landrover rant.

    Hi all, Little info for you beforehand; Fully time served apprenticeship, plumbing/ gas both domestic and commercial, variety of systems covered. General breakdowns, servicing, maintenance, refurbs on a daily basis in early years. Later some management and other professional experience along...
  19. M

    Business gone.... Stock needs to go from storage this weekend preferably

    Hep2o fittings inserts and pipe magnacleans wireless stats honeywell boiler parts danfoss trvs Condense pumps can meet within a 25 mile radius of Chester I can give more details if interested in anything
  20. P

    profitable business other than plumbing/heating

    Hi do any of you guys make money doing anything other than plumbing/heating? and if you could make enough/same money would you leave plumbing behind? I play in a band on weekends mainly covers .. get a few quid doing it but nothing to quit work for ha anyone care to share?
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