0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Is Blue Cross Blue Shield a commercial insurance?
They were originally a not-for-profit but now are a private, for profit company.
Is superdrug a limited company?
Yes they are a private limited company because they aim to make a profit
Difference between public and private?
a private company, is a company or group of companies owned by a single person or a group of people (share holders), they collect its profit based on an understanding they have. a public company is usually a listed company or a government owned company, where its profit are usually collected by the government.
Where can one find more information on shared technologies?
Shared Technologies Cellular is a private company that provides telecommunications products and services. More information about the company can be found on Insider View.
Whom is the company responsible to?
Companies are responsible to their shareholders (or owners in a private company) for making a profit and to governments for obeying the laws.
What is the definition of Private Limited Company?
In a private limited company, all the shares are managed by a small number of people and their liability is limited to the extent of each individual shared held by them.
Is Attica prison a public or private prison?
The prison at Attica, NY, is a state run prison, not one operated for profit by a private company.
Is it legal for a campground to make a profit off of a public utility such as electric?
A private company can make a profit on anything. Yes, they can mark up electricity.
Us pardon service in Calif legitimate or not?
It is a private, for profit, commercial company - NOT affiliated with the US Government.
What is profit in a company?
profit in a company this is increase in revenue received by the company. profit in a company this is increase in revenue received by the company.
How do private company share profit?
They do not have to share their profit. They are private companies. The owner is able to do as he wishes with this profit. To an extent. A portion of this profit (anywhere from 7 to 80%) may be taken in taxation and redistributed as the Government sees fit Privately held companies try to not show more net profit then they must to grow the company though. Profit in a small company is used only to expand the company. The gross profit is analysis and a portion of this money is used to pay salaries and bonuses, and purchase items that reduce profit. Capital expenditures become profit and the company must add this tax burden to the value it retains in the company to make it possible to bring in new employees. This is the main reason that taxation of companies should be low. Taxing of companies ONLY encourages owners to take the money out quickly rather then invest in the company and hire more people. If an owner, after showing a profit and paying taxes on this money decides he would like to take that money out, he must do so as salary or bonus. This means that the owner wil again pay tax on this money. The double taxation of owners is a main reason that private companies try not to show a profit.
Can a non profit company also be a profit company?
No, a non-profit company cannot also be a profit company. You can only be one or the other and not both.
