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. It does not mean that it is a company, a company, a partnership or any such formal organization, but it can range from a street peddler to General Motors. Having a business name does not separate the business entity from the owner, which means that the business owner is responsible and responsible for the company's debts. The creditors can go after the personal possessions of the owner if the business acquires debts. Corporate tax rates are not permitted by a business structure. The owner is taxed personally on all the income of the owner of your business. Business Plans A business plan is a written descriptor of your business's future, a document that tells what you plan to do and how you plan to do it. If you jot down a paragraph on the b...
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