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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. A

    software for running your business

    What software do you guys use for running your business? I’m using access as my customer database and excel for invoices quotes etc, they came free with my laptop but theyre quite limited, just wondering what else is available, and if anyone recommends any of those tradesmen specific packages
  2. W

    Partnership or go it alone?

    Hi guys, I was wondering if any of you are in or have had a business partnership in plumbing and was wondering about the pro's and cons of this. I am just about to qualify as a plumber level 2 6129 and am going to get my gas on its own or do level 3 part time (evenings). One of the guys on the...
  3. J

    Business accounts

    Hi All, I read on here a little while ago that there was a bank offering free banking for life, but I cant find them, anybody know which bank it was please. Thank you
  4. W

    We work in a business with a very rich lexicon.

    Fat Tony: Gentlemen, we must determine which of our fellow inmates has become the rodentis incarcenarium. Louie: You heard the boss. Find the rat. Johnny Tightlips: I found the rat and he's right here. Frankie the Squealer: I ain't the rat! I'm the pigeon! Legs: I thought you was the mole...
  5. P

    what can you claim as a sole trader......

    when claiming millage can you claim the return journey home or is it just one way ? also any thing else that can be claimed that may not be obvious.
  6. M

    Facebook for business advertising?

    Who uses it? Does it help or hinder u? I suppose free advertising can only be a good thing surely!!
  7. B

    right procedure to changing part on fire

    Hi guys, I going to cut a long story short but anyhow, i setup my own business and have employed a lad who has his ccn1. Ive now registered my business as gas safe. Now, had a call from a woman with a gas fire who's pilot light wont stay lit. Thermocouple my employee says. Anyhow, cant buy...
  8. A

    new plumber needing help with wording on a business card

    as im finding it hard to find work as a plumbers mate or as an apprentice. ive decided to create a business card to help me find small jobs so i can complete my nvq as my experience is limited i can only put certain jobs down. i need help with the wording of what work i can do to complete my...
    • amartin83
    • Thread
    • bathrooms business heating help needing new plumber plumber plumbing serif
    • Replies: 6
    • Forum: Plumbing Jobs | The Job-board
  9. G

    Self employment

    I really want to go self employed As a plumber But don't know where to start or look. Where to advertise
  10. M

    Heating business start up costs...

    ...and running costs. I've always been employed, myself and my mate are seriously considering starting out on our own. We mainly intend to fit, repair, service (inc L/L inspections) domestic gas boilers/heating, but obviously would do fires, cookers, bathrooms and general plumbing aswell. We...
  11. T

    Want to set up my own business !!!!

    Tryin 2 set up on my own it's all iv wanted to do just wants people's views on how to do it what I need to do & if it's a gd idea or not im qualified got all the tools please help me out!!!!!!!
  12. P

    New business, new to forum.

    Hi everyone. I'm a plumber that's been in the game for 10 years now and have decided to start up on my own. One thing that I'm struggling to find out is how much the going hourly rate is. I don't want to be greedy but on the other hand I don't want to be too cheap. A fair middle of the road...
  13. E

    Starting up as a sole trader

    Hi all I qualified about a year ago and have applied for gas safe jobs to all the big and small companies within 50 miles. I must of written around well over 100 letters. Not one person has replied except one agency who suggested I work for free for a couple of years installing meters. Its...
  14. N

    Anyone got any subcontracting tips?

    I am looking to subcontract out work. I currently am involved with my father but things aren't working out well for me. I have managed to generate about 70k's worth of work without much effort this year and unfortunately i'm being ripped off by my dad. I know a couple of good plumbers already...
  15. A

    Owner Of The Shop New Start Sanitary Business

    I am Alex John from the shop of Sanitary and hardware products, but there is no experience in the field. Someone suggested to participate in the forum, so I'm here to do work experience and discussion of related topics. I hope you will help me. Thank you
  16. W

    Business Bank Accounts

    I'm with Barclays, only in the middle of my second year of trading and only just started approaching getting busier. Just had a breakdown of last months charges for use of my business account at £35. a) Is this standard or am I being ripped off? b) Is there a way round this or do you have to...
  17. F

    Any advice promoting my business?

    I've just recently started up my own company after a bit of a plumbing career break and am currently undertaking an advertising campaign mainly concentrating on leaflet drops and local advertising. I was just wondering what other fellow plumbers advice would be for making the most of...
  18. T

    More exiting business oppertunities.

    "Typical earnings exceeding £65,000 per annum, there has never been a better time" "Gas registered plumbers have never been in greater demand". "There are simply not enough new plumbers to replace the 5000 or so that retire each year" If you look about Plumbing Franchise outfits are still...
  19. T

    0800 or local landline and mobile for new business?

    Hey guys, I'm just about to start up on my own, after over 5 years in the trade. I'm not sure weather to go with a freephone 0800 number directed to mobile or just the standard landline and mobile for business cards, advertisements, leaflets etc. If anyone can offer me any advice on a...
  20. J

    Sale of Business

    Hi All , I am selling my Plumbing Business in light of new job. Selling van, tools, Website, Logo, Invoice, Receipt and Estimate Templates Wanting £4,000 for lot please visit...
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