Most business house owners wish to suppose they know what their customers want. It’s easier to set up as a sole trader, however you’re personally responsible for your business’s debts. However, if the business is an authorized and totally devoted seller of the branded services or products (sometimes generally known as a “franchisee”), you might use the underlying brand name whenever Small Business you create the Business Profile. Do not present cellphone numbers or URLs that redirect or “refer” users to touchdown pages or phone numbers aside from those of the actual business, including pages created on social media sites. The entity concept is the theory that the financial activities, accounts, and liabilities of a business must be saved distinct from these of its owners.
- The two brothers established/set up/started up a garments retailing business.
- Businesses range in scale from sole proprietorships to international companies and may vary in dimension