A business name is not a separate entity. This means that the owner of a business is responsible for any debts they incur.
John Whiting Product
Online Business Course
Information about businesses:
Business is the activity of making one’s living or making money by producing or buying and selling products (such as goods and services).
[need quotation to verify] Simply put, it is “any activity or enterprise entered into for profit.
It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors.”
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A business name is not a separate entity. This means that the business owner is responsible for any debts the business incurs.
If the business acquires debts, the creditors can go after the owner’s personal possessions.
Corporate tax rates are not available for business structures. All income received by the business are subject to personal tax.
Course Features
- Lectures 1
- Quizzes 0
- Duration 10 weeks
- Skill level All levels
- Language English
- Students 144
- Assessments Yes