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About Business Dictionary

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. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors."

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.

App Features:

• Material Design
• Option to add Bookmarks
• Text to Speech
• Beautiful UI which makes using app very easier
• Advanced Search Option searches for words while you type
• Easy to understand meanings
• Bookmark Favorite Words
• Completely offline and free
• Night mode / Dark mode support
• Change text size and fonts in settings
• Alphabetical listing
• Quick search option
• Easy to use user interface
• Share Words Definition to Social Media
• Regular Updates
• Word of the Day notification
• Small App Size


Write us at [email protected] for suggestions and feedback for improvements.

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Frequently Asked Questions(FAQ)

What is 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).

Does having a business name separate the business entity from the owner?

No, having a business name does not separate the business entity from the owner. The owner of the business is responsible and liable for debts incurred by the business.

Can the owner's personal possessions be targeted by creditors if the business acquires debts?

Yes, if the business acquires debts, the creditors can go after the owner's personal possessions.

Is a business structure eligible for corporate tax rates?

No, a business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.
author
Classic
Duncan James