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A business facing insolvency can declare bankrupcy, in which case it will close and its assets will be auctioned off to pay off creditors. A business facing insolvency can declare bankrupcy, in which case it will close and its assets will be auctioned off to pay off creditors.
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∙ 12y ago
Insolvency Australia
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What purpose did new business form like stock companies serve?
. They could take on bigger and riskier business ventures
Why would a business need s security guard?
A security guard is to make sure that all of the company's, customer's, and employee's information is secure. If something were to happen to it, the company could be sued.
Do You Need Business Insurance?
Overall, people have experience with different types of insurance. They insure their houses, their cars, their life, and their health. That's generally enough for most people, but if you have a business that you run, you may want to have business insurance, as well. Whether you need this kind of insurance and how much coverage you should have depends largely on the kind of business you operate.Someone who works from home, providing services over the Internet, probably doesn't need any kind of business insurance. He's not really in a position where he would be likely to get sued by a customer. He's also not providing something that could be ruled defective and dangerous, where he could end up with a lot of liability. If he's selling a product through the Internet, he may want to consider insurance to protect him in the event of a lawsuit.People who have brick-and-mortar stores are much more likely to need business insurance. Because they have customers coming into their place of business to buy merchandise, they face a double risk.There could be a problem with the merchandise that could cause injury to the customer, and the customer could get hurt while actually in the store. If the businessowner is properly insured, the insurance company will handle lawsuits, claims, and other problems that come from either one of those scenarios.You may think that you don't need business insurance because you'll be very careful and nothing bad will happen, but that's not a very safe way to look at things. Some people aren't as honest as you, and they will make an effort to have a problem in your store simply so they can attempt to get compensation. Don't allow that to happen. Business insurance isn't free, but it's much less expensive than facing a lawsuit from an angry an injured customer and being required to pay out-of-pocket. Avoid the stress of that kind of situation by having business insurance - and make sure you get enough of it to cover you properly. Talking with a good insurance agent is wise, because it helps to ensure that your coverage is the best it can be, and that it will protect your business no matter what might happen.
Where can you get advice on a small business?
You could visit an advisor, talk to you bank manager or do a course on business management. Perhaps you could do an MBA?
How can someone use eBay in their own business?
A business could use eBay to sell their products online. This may be an especially useful tool if a business does not have their own website. They could also use eBay to purchase items needed for the business.
What is one company that is considered a bankruptcy business?
Bankruptcy businesses help company liquidate and close up. There are a number of companies that can tell you if you qualify. First step should however be to talk to your bank. There could be something you have overlooked. One bankruptcy business however is: Insolvency Direct.
What could happen to a person found guilty of crime in the south after the thirteenth amendment become law?
Their labor could be sold to a business owner
What activities could be undertaken to help alleviate Third World debt -?
The best options is to contact with insolvency companies like Insolvency Guardian and discuss the matter to overcome this situations.
What could happen to a person found guilty of crime in the south after the thirteenth became law?
Their labor could be sold to a business owner
What could happen to a person found guilty of a crime in the south after thirteenth amendment became law?
Their labor could be sold to a business owner
What could happen to a person found guilty of crime in the south after the 13th amendment became law?
Their labor could be sold to a business owner(apex)
How it is possible for a manufacturing business to be making a profit while at the same time running out of cash?
This could happen when the business is expanding and they are buying more new equipment or more land.
How do contingency factor affect planning?
Contingency factors are things that aren't in the agenda but need to be planned for as a just in case in business. They affect planning by happening. Any number of things could happen in business and that could cause profit loss.
Marginal costing and absorption costing?
These are different forms of costs that a business may deal with. They will each represent what could happen in a situation.
What similarities exist between todays space explorations and the expeditions of European explorers 500 years ago?
Both are facing the unknown. We did not know what could happen in space. Sailors in the 1400s did not know what would happen sailing west.
What could happen to a business if budgeting process is faulty?
It depends on how it is faulty. If the fault lies in not budgeting enough, the business will find they don't have the money they expected. If the fault is in budgeting too much, then the business will have more money left than they anticipated.
Absorption costing and marginal costing format?
These are different forms of costs that a business may deal with. They will each represent what could happen in a situation.
