@Regrann from @maarifacircle – “Being Black and beautiful means nothing until ultimately you’re Black and powerful. The world is ruled by power, not blackness and not by beauty.” .✅✅✅✅✅✅✅✅✅✅✅✅✅✅✅✅✅✅✅✅✅✅✅✅✅ ℹSole traders A sole trader describes any business that is owned and controlled by one person – although they may employ workers. Individuals who provide a specialist service like plumbers, hairdressers or photographers are often sole traders. Sole traders do not have a separate legal existence from the business. In the eyes of the law, the business and the owner are the same. As a result, the owner is personally liable for the firm’s debts and may have to pay for losses made by the business out of their own pocket. This is called unlimited liability. ☆☆☆ ℹLimited companies A limited company has special status in the eyes of the law. These types of company are incorporated, which means they have their own legal identity and can sue or own assets in their own right. The ownership of a limited company is divided up into equal parts called shares. Whoever owns one or more of these is called a shareholder. Because limited companies have their own legal identity, their owners are not personally liable for the firm’s debts. The shareholders have limited liability, which is the major advantage of this type of business legal structure.There are two main types of limited company: a private limited company (ltd)a public limited company (plc) ☆☆ ℹFranchising An entrepreneur can opt to set up a new independent business and try to win customers. An alternative is to buy into an existing business and acquire the right to use an existing business idea. This is called franchising. #maarifabiz#CreatingJobs #blackbusiness #economics #BlackPrint #blackpower #entrepreneur #Regrann

by loyaltyislife777 http://ift.tt/1PxjoxT
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