answersLogoWhite

0

you would pay your employees and the bills then you would get all the left over

User Avatar

Wiki User

13y ago

What else can I help you with?

Continue Learning about Other Business

Advantages of owning your own salon?

The advantages of owning your own salon include, you being in control. You are the boss and you have the ability to grow your business as you see fit.


What are the advantages and disadvantages of a private limited company?

One disadvantage to owning a private company is the fact that financing the business may be difficult. An advantage to owning a private company is the fact that you are in control of your business decisions.


What are 2 benefits of converting from a partnership to private limited company?

The formation of a limited company makes the company an entity in its own right with its own liabilities. If you are a partnership and the company goes bust you and your partner are personally liable for any monies owed. If the company is Limited then it is limited to paying the investment into the company and its assets to its creditors should the company fail.


What are the disadvantages to becoming a subsidiary as opposed to starting your own company?

Becoming a subsidiary can limit your autonomy, as decisions may be heavily influenced or dictated by the parent company, potentially stifling innovation and flexibility. Additionally, financial resources and strategic directions may prioritize the parent company's interests over those of the subsidiary. This relationship can also lead to a lack of brand identity, as the subsidiary may be overshadowed by the parent company's reputation and market presence. Lastly, profit-sharing arrangements may reduce the financial benefits compared to fully owning and operating an independent company.


What is an advantage of owning your own business?

You can respond quickly to changes in the marketplace

Related Questions

What are the benefits of owning your own welding company?

· A lot of freedom · More self esteem · More time to spend with your family · Ability, money and time to help others


What are the benefits and responsibilities of owning 1 percent of a company?

Owning 1 percent of a company can provide benefits such as potential financial gains through dividends and capital appreciation. However, it also comes with responsibilities such as staying informed about the company's performance, voting on important decisions, and potentially being liable for the company's debts.


What benefits and drawback might be to the united fruit company's owning so much land?

baby


What are benefits of management research to industries?

Helps the industry ALOT and it can help you understand the basics and owning a big company.


What benefits and drawbacks might there have been to the united fruit company owning so much land?

The benefits of the United Fruit Company owning so much land was that they never ran out of places to plant crops. The drawbacks were the upkeep of the land, the production costs, and the amount of workers required to operate it.


What are the benefits of owning a treadmill?

By owning a treadmill an individual can exercise in their own home with the benefits of not being constrained by operating hours (such as at a local gym) and by not having to pay a gym membership to access the machine. Additionally some people prefer the privacy of their own home when using an exercise machine.


What percent of stock does a person have to own in a company before he or she receives a portion of money for owning the stock?

No one receives money for owning stock which is permanent investment in the company and can only hope to receive dividends as ones share of profit or sell the equity in the stock market to receive a premium if the share value is high.However owning high percentage of stock gives an individual the option to be elected with each equity counted as a vote in the board of directors who are paid and enjoy benefits of the company.


What are hospitality courses and what do they teach?

You will learn a lot about owning and operating your own hotel or catering company.


What does it mean to own a stock?

owning a stock means - owning a portion of a company. Every stock holder who holds stocks of a particular company are partly owners of that company. Let us say you own 1 million stocks of a company XYZ which has a total of 10 million stocks in the market, you are a 10% stake holder or 10% owner of the company.


What are the benefits to owning a small house?

Some benefits of owning a small house include lower cost of maintenance and utilities, reduced environmental impact, and simpler living with less clutter. Additionally, small houses can foster closer relationships and a sense of coziness.


Is it possible for individuals to own stock in a private company?

Yes, it is possible for individuals to own stock in a private company, but the process is usually more restricted compared to owning stock in a publicly traded company.


When a person owns shares in your company do you have to have them work there?

Owning shares in a company allows you to profit from the companies efforts, not your own....No you don't need to work there.