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What type of business organizations is most likely to exist after the death of the founder?
they are soletrader businesses which involes in unlimited liabilites and it involes in only one person when the founder dies the business also declines.
What is the best way to go about incorporating a new business?
The best and probably easiest way to incorporate a new business would be to hire a business attorney. They know the limitations and what an individual needs to get started and will save the person many headaches in the future.
What goes on a business card?
A business card is a very important thing as it conveys basic information about an individual and his company. A business card must include person's name, designation, email id, phone number, company name, address etc.
A business owned by many people but treated by law as one person?
A business owned by many people but treated by law as one person is typically a corporation. In this legal structure, the corporation itself is recognized as a separate entity from its owners (shareholders), allowing it to enter contracts, own property, and be liable for debts independently. This separation provides limited liability protection to shareholders, meaning they are not personally responsible for the corporation's debts beyond their investment. It also facilitates easier transfer of ownership through the sale of shares.
What is an individual and private group ownership of business called?
Individual ownership of a business is referred to as sole proprietorship, where one person owns and operates the business, bearing all profits and liabilities. Private group ownership typically takes the form of a partnership, where two or more individuals share ownership, profits, and responsibilities. Both structures involve personal accountability and a more intimate management style compared to larger corporations.
Which of these business organizations is treated by law as if it were an individual person?
corporation
What are discretionary business strategies?
These are strategies that are up to each individual person. They can do whatever they think will be best for the business.
Why a person becomes a personnel?
A person refers to a private individual. A person becomes a personnel if he is employed in an organization, business or service.
What is a business?
A business is an individual commercial enterprise or establishment, a person's occupation, work or trade, or an objective or matter to be dealt with.
What is a business owned and ran by one person?
A business owned and operated by one individual is known as a sole proprietorship.
Who is considered an athletic director?
The individual who oversees coaches at schools or athletic organizations is usually considered the athletic director. This individual is also the person the coaches must answer to when there is an issue.
What is Sole Trading?
Sole trading is business, run by single or individual person who control all business activities. Another name for sole trading are single entreprenuership, individual proprietorship.
What is importance of logic in business administration?
it can enhance the ability of a person or in every individual for widely thinking.
What were the kind of guidelines modified by Cuban predilection in the Cuban revolution?
They are treated according with how the person in question behaves as an individual Cuban or not Cuban.
Why is it important to write a business letter to an organization and not to an individual person?
The importance of writing a business letter is based on the purpose of the communication, not whether it is written to an organization or an individual person. If you know who the person at the organization would have the need of the information or be able to respond to a request, then it should be directed to that person. It the individual is not known, then the appropriate department or department head (Sales Dept. or Manager, Purchasing or Director of Personnel, etc.). Only if it is a small organization or the appropriate department or person is unknown, should a business letter be directed to the organization in general.
Where can I attend small business traning?
Many organizations offer small business training. You can attend online or in person. Community colleges and adult schools are excellent, low cost choices.
How many people in a sole trader business?
A sole trader business is owned and operated by one individual, so there is typically only one person involved in running the business. This individual is responsible for all aspects of the business, including decision-making, management, and operations.
