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Explain the need of different stakeholder in a business owner shareholders customers employees management suppliers creditors and government?
The need of stakeholders are to now the business growth is profitable, customers are satisfied in order for him to receive his dividend.
What four main ways to become a business owner and explain the disadvantages and advantages of each?
A business owner can go in business for themselves to make more money, but it will take long hours. A business owner can start a business to meet the demands of customers. A disadvantage to that is the fact that customers are very demanding.
Can a business owner who gets a felony conviction get the tax credit for the income he makes after he is released?
Yes he will get a tax credit for the income he makes after he is released. You just can't receive this while you are incarcerated.
In which case is a business owner's responsibility for debt or damages highest?
A business owner's responsibility for debt or damages is highest in a sole proprietorship. In this structure, there is no legal distinction between the owner and the business, meaning the owner is personally liable for all debts and obligations. If the business incurs debt or faces lawsuits, creditors can pursue the owner's personal assets to satisfy those liabilities. This contrasts with limited liability entities, like corporations or LLCs, where the owner's personal liability is generally limited to their investment in the business.
A benefit of monopoly for the business owner is?
government funding
In return for a fee to a franchiser a business owner receives the right to .?
In return for a fee to a franchiser, a business owner receives the right to operate a business using the franchiser's established brand, business model, and support systems. This typically includes access to marketing materials, training programs, and ongoing operational assistance. Additionally, the franchisee benefits from the franchiser's reputation and customer loyalty, which can lead to a higher likelihood of success compared to starting an independent business.
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.
How can a business owner receive debt financing?
You can receive debt financing as a business owner by contacting your local bank or credit union. You may however choose to contact another source but that is ill-advised.
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.
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.
I am a small business owner. Is the corporate tax return version of Turbo Tax good for small business owners?
Yes, the TurboTax corporate version is good and also easy to use. It walks you through everything you need to consider as a small business owner.
Why is owners equity regarded as a liability to the business?
Owners equity is the amount invested by the owner of business to the company and as a seperate entity it is the liability of the business to return back that amount to owners as owners are seperate entity to business.
When the owner issues a check to pay their bill known as a draw what happens?
As a business owner, you may be paid a salary, or you might take a draw as an owner. How you receive money from the business depends on the type of business. If you are an owner of a sole proprietor business, you can take a draw from the business for personal expenses. This draw is not a deductible business expense; it's just money you take from profits (assuming there are profits!) to pay personal bills. When you take a draw, you should write a check to yourself from the business checking account and deposit it in your personal checking account.
