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.
View More On Wikipedia.org
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.
View More On Wikipedia.org
Creating content since 2001. Untold Media.
Newest Plumbing Threads
-
Replacing outdoor P-Trap Gully with Bottle Gully
- Started by DIwhYdidIstartThis
- Replies: 0
-
-
-
-
-
Mixer mixer shower, compatible with tanked supply
- Started by Matt0029
- Replies: 2
-
-
No Hot water, Fixed and Broken Again Ideal Logic 24
- Started by Filthbags
- Replies: 2
-
-
What's happening to this radiator, paint flaking off?
- Started by mikmikmikmik2024
- Replies: 3
-
Is it necessary to earth bond a Kitchen Sink?
- Started by Cello
- Replies: 5
-
Show us your fanciest radiators you have installed!!
- Started by Lou
- Replies: 2
-
Y Plan, no hot water but heating is working when called
- Started by Chopper9495
- Replies: 8
-
-
Towel Rail Valve Advice please (35 Characters needed.)
- Started by NorthernLad
- Replies: 7
