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In return for a fee to a franchiser a business owner receives the right to .?
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What franchise opportunities are there besides fast food?
You can be a franchise owner of a haircutting place such as Supercuts or you can be a franchiser for gas stations. These are generally more expensive than a fast food franchise.
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."
What is the business entity convention?
Business entity convention The convention that holds that, for accounting purposes, the business and its owner(s) are treated as quite separate and distinct. The business entity concept provides that the accounting for a business or organization be kept separate from the personal affairs of its owner, or from any other business or organization. This means that the owner of a business should not place any personal assets on the business balance sheet. The balance sheet of the business must reflect the financial position of the business alone. Also, when transactions of the business are recorded, any personal expenditures of the owner are charged to the owner and are not allowed to affect the operating results of the business. Business entity convention The convention that holds that, for accounting purposes, the business and its owner(s) are treated as quite separate and distinct. The business entity concept provides that the accounting for a business or organization be kept separate from the personal affairs of its owner, or from any other business or organization. This means that the owner of a business should not place any personal assets on the business balance sheet. The balance sheet of the business must reflect the financial position of the business alone. Also, when transactions of the business are recorded, any personal expenditures of the owner are charged to the owner and are not allowed to affect the operating results of the business.
Why would a business change their ownership?
Becuase they want to have a owner which can provide the business much better then the owner they have at this moment.
What right does a business owner receive in return for a fee to a franchiser?
sell the franchisersgoods and services
When is a business owner required to submit an annual return to Companies House?
A company, or business owner, is required to submit an annual return to Companies House. They must file their return 28 days before their annual anniversary.
Is capital an asset or liabilities?
Capital is that amount which is invested by owner of business in business and it's the liability for business to return back to it's owner that's why it is liability.
What is equity in balance sheet?
Equity in balance sheet is that account in which owner has invested money in business and business is liable to it's owner to return.
Why capital is not an asset?
Capital is not an asset for business rather it is liability for business as this is the amount the owner who is separate from it's business invested in business and business Is requires to return it back to it's owner at the time of liquidation.
Who receives the profit from a sole proprietorship?
Either the sole proprietor or the profit may be reinvested in the business in which case the sole proprietorship.
Do business owners have to pay a tax on rental property?
Property taxes are generally the responsibility of the owner. They are paid for by the owner from the rent he or she receives. If the business owns a property and rents it to others, they must pay tax, but if the business rents the property, they do not.
who of these types of business organizations has only one owner who receives all profits and is responsible for all losses?
Sole proprietor
What type of an account is capital?
Capital account is liability nature of account because any capital introduce by owner towards business is the liability of business to return to it's owner.
What is capital beginning?
Beginning Capital is the amount which is bring by the owner of the company to start the business and it is the liability of the business to return back that amount as well as any profit earned by business to it's owner at the time of dissolution of business.
Can I get a refund or another card for my misprinted one?
If you have purchased a faulty birthday card return it to the proprietor for a refund or exchange. The business owner can return the product as a defect.
Which of these types of business organizations has only one owner who receives all profits and is responsible for all losses?
Sole Proprietorship A sole proprietorship is a business entity with only one owner who receives all of the profits and is responsible for all losses. Sole proprietorships are the simplest and most common type of business organization, and they can be established quickly with minimal paperwork. The owner of a sole proprietorship has complete autonomy and control over the business and its operations. This means that the owner is personally responsible for all debts and liabilities incurred by the business. Additionally, the profits generated by the business belong to the sole proprietor, who is responsible for paying any associated taxes. Sole proprietorships can be a great option for entrepreneurs and small business owners, especially those who are just starting out. They are relatively inexpensive to set up and maintain, and the owner has complete control over the business. On the other hand, sole proprietorships also come with certain risks. Since the owner is personally liable for all of the business’s debts and liabilities, their personal assets are at risk if the business fails. Overall, a sole proprietorship is a great option for entrepreneurs and small business owners who are looking for a simple, inexpensive way to start and run a business. However, it is important to understand the risks and potential pitfalls associated with running a sole proprietorship before taking the plunge.
