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If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does n...
21/06/2022

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.

21/06/2022

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.

ote that "Ltd after the company's name signifies limited company, and PLC (public limited company) indicates that its sh...
20/06/2022

ote that "Ltd after the company's name signifies limited company, and PLC (public limited company) indicates that its shares are widely held."

20/06/2022

Statutory companies: Relatively rare today, certain companies have been formed by a private statute passed in the relevant jurisdiction.

19/06/2022

Franchises: A franchise is a system in which entrepreneurs purchase the rights to open and run a business from a larger corporation.

19/06/2022

Cooperative: Often referred to as a "co-op", a cooperative is a limited-liability business that can organize as for-profit or not-for-profit. A cooperative differs from a corporation in that it has members, not shareholders, and they share decision-making authority.

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