Talking with bussiness man. | English talking #poadcast #18

An episode of the Mr. Rishav Talks. podcast, hosted by Mr. Rishav Talks, titled "Talking with bussiness man. | English talking #poadcast #18" was published on January 28, 2021 and runs 17 minutes.

January 28, 2021 ·17m · Mr. Rishav Talks.

Summary

Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services).[1][2][need quotation to verify][3][4] Simply put, it is "any activity or enterprise entered into for profit."[5] Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company. A company, on the other hand, is a separate legal entity and provides for limited liability, as well as corporate tax rates. A company structure is more complicated and expensive to set up, but offers more protection and benefits for the owner.

Episode Description