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business

Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services). Simply put, it is "any activity or enterprise entered into for profit."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.

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Recent contents Top users
  1. V

    No way to run a business!

    How important is it to keep booked visits to customers? I do understand that sometimes jobs can take longer than planned and your day can be put back hours because of unexpected problems. Whats the best thing to do in this situation, do you leave one job unfinished and promise to come back and...
  2. C

    Google advertising

    Anyone else get loadsa phone calls off these companys trying to sell you advertising space on the first page of google? Im getting em near enough every other day,anyone signed up and found it to be beneficial? They used to be numbers you could tell what was a call centre,now there coming thru...
  3. GQuigley67

    Business Grants

    anyone know where I can get grants for my business ???
  4. P

    New plumbing business Liskeard, Cornwall

    Hi. We are a new plumbing business based in cornwall. Look forward to discussing your needs
  5. M

    Setting up as self employed while been an employee for another company

    Hi all, just hoping to get some advice. Has anyone else started up there own business working self employed, while also working full time for another company. How do you register as this and what help can you get. I have no idea about how it affects tax or NI? Also what about insurance? I am a...
    • Macca2009
    • Thread
    • about another business company employed self employed setting setting up while
    • Replies: 11
    • Forum: Plumbing Jobs | The Job-board
  6. N

    registering a business name

    Hi all, any of you self employed as a sole trader registered your business name, if so who with ? how does it work with hmcr ? thanks
  7. N

    Advertising

    Recently qualified gas engineer and due to lack of companies willing to take me on its looking like i'm going to go self employed. So where abouts would you recommend to advertise to get work? Yellow pages?
  8. O

    New gas/oil spares merchant in worcester !!!!! Orillo bathrooms now open for business

    Based across three sites in Worcester, Evesham and Malvern; Orillo provides all products concerning water in your house - from a beautiful new bathroom suite, to parts to fix a central heating boiler. Open to both the public and trade customers, the Orillo name has been well-known since 1978 as...
    • ORILLOSPAREWORC
    • Thread
    • bathroom bathrooms business gas merchant oil spares worcester
    • Replies: 0
    • Forum: Plumbing Jobs | The Job-board
  9. GQuigley67

    Starting up in Business looking for some tips

    I can see the light at the end of the tunnel now, soon I will be GSR and will have my van and also getting a website made up then that should be me in business!! doing some jobs here and there at the moment to keep me going through this crappy Giro. I need some tips on pricing though, I'm doing...
  10. J

    New Business Ideas

    Not sure if i have posted this in the right thread,but i have just started up in business and i am looking for new ways to get new customers, any new ideas would be great, i have 9,000 leaflets. I have dellivered 1,000 to households but i am looking for continual business. Just to let you...
  11. I

    starting new business, sub or employ plumbers

    Hi all 1st post have been reading up allot here on the forum over the past while, im not a plumber i am looking into starting a new business in basically selling and installing solar thermal systems, my background is in sales and marketing and so would require a plumber solar trained to do the...
  12. C

    registerd business

    im a now registerd on my own with gas safe but in the info pack it talks about having my business registerd! i have filled the forms in to the inland revenue to till them that im self employed is this enough to be a registered business or is there something else i need to do??
  13. P

    New Plumbing Business - Need Help With Business Plan & Estimating Cashflow

    Hi Im currently in the process of writing a business plan for my new plumbing venture Im starting. Im just wondering a couple of things: I need some accurate estimates of what sort of jobs and the number of jobs what are available. I appreciate my area will be totally different to yours...
  14. C

    new business help?

    im in the process of going self employed and dont really no much about all the paperwork side of things! but i was wondering if there was any grants i can apply for to help with setting up my business thanks again people
  15. S

    having a web site

    If you have aplumbing and heating business web site, Has it been beneficial to yourselves? What percentage of work load increase have you had? Regards Paul
  16. W

    advertising my business

    Hey Just trying to think how much I should spend on advertising? I have a website but should I use yell.com or maybe myhammer?? Any help much appreciated!
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