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Incorporation
Incorporation is the act of selling out shares of a company to generate revenue. Questions about incorporating, companies that are or will incorporate, or companies that are already incorporated can be asked here.
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The North American Industry Classification System or NAICS is used by business and government to classify and measure economic activity in Canada, Mexico and the United States. It has largely replaced the older Standard Industrial Classification (SIC) system; however, certain government departments and agencies, such as the U.S. Securities and Exchange Commission (SEC), still use the SIC codes.
The NAICS numbering system is a six-digit code. The first five digits are generally (although not always strictly) the same in all three countries. The last digit designates national industries. The first two digits designate the largest business sector, the third digit designates the subsector, the fourth digit designates the industry group, and the fifth digit designates particular industries.
Visit- www.fintel.us, If you need financial information drawn from a database of over 900,000 privately-held firms in over 2,500 industry groups as classified either by Standard Industry Classification (SIC) or North American Industry Classification System (NAICS).
Difference between entrepreneur owner manager and businessman?
Entreprenure who starts the business from scratch. for example, initiating the plan , materializing and implementing . and aslo creating brand for his produts and services.
in simple words entreprenuer who run the business in a unique form.
businessman who follow up the market trying to capture the existing customers by doing some additional or value added services in the existing products and services catedory.
Thank you
Santhosh
srisan.jsb@gmail.com
Well As far as my knowledge goes I think an Entrepreneur is a person who has an Idea that they implement for the betterment of anybody in general i.e. either clients or employees or organizations or the society at large and hence creates value for them by means of products/services which were not really existent until now in the very form in which the entrepreneur is offering.The product or service that the entrepreneur comes up with has distinguishable features and thus the entrepreneur can be fairly stated as the founder or creator.
On the other hand a Businessman is a person who is engaged in a process of bridging the gap between products/services(not created by him/her) and consumers and thus acts as a provider of something which is already existent.
A noticeable difference between the both is that a businessman works for profit where as an entrepreneur works towards creating value for the society at large(though he's not a philanthropist).
Dhawal Kharbanda
kharbandaz@rediffmail.com
First to provide you with the appropriate sources for the Classical and Contemporary exploration: Schumpeter offered a conceptual basis for entrepreneur that extended beyond the simple small business owner (SBO). He identified entrepreneurs as those who leverage available resources to create, launch, or expand products or services to create value beyond the normal profit associated with economic profit. Peter Drucker later refines this definition.
Small business owners are generally not seeking to leverage resources to create additional value beyond normal profit; they are more concerned with engaging in consistent operations as opposed to innovating operations. Contemporary evaluation of the differences can be found in the works of Drs. James and JoAnn Carland.
S. Z. Marsh
What is pre-incoporation contract purported to be made on behalf of a company?
pre-incoporation contracts are contracts that are entered into on behalf of unincoporated companies by their promoters or agents. just like the name proports pre-incopration contracts can only be entered into for companies that are yet to be incorp
What is a fully-executed copy?
A fully-executed copy is a document that has been signed by all parties. The copy is the original document but copies of it can be made.
Doctrine of capital maintenace?
According to the doctrine, capital maintenance can be considered accomplished if the amount of capital a business has at the end of an accounting period is the same as the start of the period. Any excess amount of capital is treated a profit.
Do you have to honor a contract that a company you bought has?
The law forbids any business from ignoring signed contracts without a proper legal reason or dissolving the document. Your companies can face a poor reputation in the industry and lawsuits when a contract is not honored.ÊÊ
What is negative control in share ownership?
The voting capacity to block the passing of a special resolution.
What form of partnership allows some of the investors to limit their liability?
A special form of partnership, called a Limited Liability Partnership, can be utilized. under this arrangement, one or more partners are designated general partners and have unlimited liability for the debts of the firm; other partners are designated limited partners and are liable only for their initial contribution.
Can a Limited Liability Company later become an S Corporation?
How does a company become a corporation?
it may have more than one meaning, it can be known as 'a near death experience'. In ancient times it was the 'part beyond the horizon that you could never see and was a mythological place'. In more modern times it has reference to Muslim female dress
What is the purpose of the force majeur clause in a local purchase order?
The force majeur clause of a contract is designed to provide an excuse to any failure to execute the contract due to acts of God and items outside the control of the parties. Fire, Flood, Earthquake, riots and acts of war are commonly listed. Union strikes are another.
What is the name and party identification of President pro tempore of the Senate?
The President pro Tempore of the United States Senate is Patrick Leahy. He is a democrat from the state of Vermont.
The answer is C. You're welcome.
