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What represents businesses that have a specific legal identity separate from the identity of the person or persons who operate the business?
TinaMarie2015
corporations
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∙ 9y ago
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WHY are corporations defined as entities?
because they have legal identity separate from those of their owners.
Why are corporations defined entities?
because they have legal identity separate from those of their owners.
What is the most important rule of business?
The most important rule of business is to keep your emotions separate from your business. Do not include family members because they are related to you, keep useful people around you to make your money.
How appropriate is it for governments to help drum up business for their companies abroad. should commerce be completely separate from politics?
Commerce can never be independent of politics. The economy and the government are too closely linked for the two ever to be completely divorced from each other. However, it is not the responsibility of the government to ensure the economy is stimulated unless the society is in a horrid recession. In ordinary circumstances, the government should let businesses deal with finding their own business, and stick to economic regulation.
Why is entrepreneurial ability considered a category of economic resource that is distinct from labor?
Because the entrepreneur; takes the initiative, makes strategic business decisions, innovates, and bears risk.Entrepreneurial ability is considered to be a completely separate factor of production.
Represents businesses that have a specific legal identity separate from the identity of the person or persons who operate the business?
corporations
What represents businesses that have a specific legal identity separate from the identity of the person or person's who operate the business?
corporations
What represents business that have a specific legal identity separate from the identity of the person or persons who operate the business?
corporations
Businesses that have a specific legal identity separate from the identity of the person or persons who operate the business?
corporations
What virtues does Spider-Man represent?
Spiderman's costumeb represents the super powers he was granted after being bitten by a spider. Also the costume represents his separate identity when he is using his super powers.
Why should a home business open a business checking account?
It is always best to keep your personal and business finances separate, and two checking accounts can help in this process. It is helpful if you are ever audited, and businesses often get better rates on financial products. It is highly recommended that you open a business checking account. It is important to keep your business accounts and personal accounts separate, especially when tax season rolls around. Sometimes businesses get better rates.
Do early businesses need separate business bank accounts?
Yes it is wise for a small business owner to have an early bank account to deal with all small finances. Usually banks do have packages or deals made especially for new business owners.
What is a fictious name?
A fictitious name is a name used by an individual or business that is different from their legal name. It is also known as a "doing business as" (DBA) name and is often used for marketing purposes or to create a separate brand identity.
Why is it important for business records to be separate from the records of the business owners or owners?
It is because of the Business Entity concept where firm(business) is considered to be seperate from its owners. In business records, the owners are treated like the creditors to whom the business is liable.
What does limited liablitlty mean?
In business terms it means that the owners of the business (ie shareholders) are not liable for the businesses actions. Basically, if the business were to get in debt, and become bankrupt, it would not make the owners bankrupt, just the company. The owners and the company are separate in the eyes of the law.
Finance Your Business with Business Credit?
The reason to finance your business with business credit rather than a personal line of credit:Business credit lines are usually bigger - personal credit lines can make a business look underfunded on paper.Business credit lines grease the wheels of commerce between businesses - some businesses will not do business with a company without a business credit line.The first business credit line is the hardest to get - banks will become more lax the more that you prove your business credit worth.The IRS will not give you as hard of a time if your finances are completely separate.
Can you do your business taxes separate from your regular job?
No. You can not do your business taxes separate from your regular job. There are ways to do business taxes separate from a regular job, but since you need to ask, your business is not set up that way.
