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Everything, which is why owners need help, and leadership, management, delegation, and inspiration are good qualities for an entrepreneur to have.
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When the owner of a business is financially responsible for all problems related to the business?
i Believe thE anSWer CoulD be LImited Liability
Who is responsible for coordinating business functions in a small business?
Depending on the size of the small business, you will either have the owner, or a hired manager.
Why is owner of a business is interested in the activity of a business?
The activity of the business is what generates money for the business and the owner will want to maximize income.
What is another name for a small business owner?
Another name for a small business owner is "proprietor." In the US, if the owner is doing business as an LLC, he is a "member."
When a co signer on a business loan dies is the estate responsible or is the other business owner liable for paying the loan?
It depends on how the business and the loan are titled. If the business is a partnership, the business may be responsible for paying the loan. If the borrowers signed as individuals the surviving signer may be able to make a claim against the estate. You should consult with an attorney who can review the loan and any business documents and explain your responsibilities and options.
Is a business owner responsible for the previous owners debts?
If it is a new business, then they are not responsible. If the new business owner had obligations with the previous one, they may be responsible for debts. The terms of the contract will dictate this issue.
Can you be responsible for your deceased father's business debt?
Not unless you were a part owner or in some way connected with the deceased person's business or personal debts.
If you business fails and your equipment is reposed and you still owe the bank money does it come from your personal property?
The business' structure determines whether the owner will be personally responsible for the debt. When the owner incorporates, they are no longer responsible for the debt of their business.
When the owner of a business is financially responsible for all problems related to the business?
i Believe thE anSWer CoulD be LImited Liability
Who is responsible for coordinating business functions in a small business?
Depending on the size of the small business, you will either have the owner, or a hired manager.
What is a major advantage of a sole proprietorship?
the owner is completely responsible for the business decisions
Is a new business owner responsible for the original owner owner's debt?
Not normally, unless the new owner has also 'bought' the previous owner's debts. However, if we are dealing with share ownership, the shareholder become the 'owner'. Shareholders are not responsible for the debts of the companies they have bought share in.
Who is responsible for making sure that food businesses comply with food legislation?
Business owner
In a sole proprietorship which individual must assume all liability?
The person who registered himself as a proprietor usually the owner of the firm/business is responsible for all liabilities legally.
Who is responsible for income tax in a business?
The owner or owners of the business operations would be responsible for all of the necessary taxes of the Business operation. Go to the IRS.gov website and at the top of the page choose BUSINESSES irs.gov/businesses/index.html
As an corporation, am I responsible or liable for depositing employment tax?
Yes, you are responsible for depositing employment tax. The liabilities for the tax are split between the corporation and the business owner
What are the share of earnings that a business owner pays for the right to be part of a certain business called?
Royalties (:
