Limited liability companies (LLC) are one of 5 types of business entities. They have a combination of the characteristics of corporations as well as partnerships. Key Takeaways An LLC is
Category: Business Terms
The Basics of Business Entities: What You Need to KnowThe Basics of Business Entities: What You Need to Know
This blog will take you through what a business entity is and its characteristics. The importance of choosing the right kind of business entity is also discussed. Key Takeaways This
The Essential Guide to Non-Profit OrganizationsThe Essential Guide to Non-Profit Organizations
A nonprofit company is a type of business entity whose main purpose is not to make money. Sometimes, these companies are charities or goal-oriented organizations; other times, they are institutions
Business Angels: The Role They Play in Supporting Small BusinessesBusiness Angels: The Role They Play in Supporting Small Businesses
‘Business Angel’ is the common name for wealthy private individuals who invest in small and medium-sized businesses. These types of investors fund startup ventures in the hope of making a
What is a Job Description and Why is it ImportantWhat is a Job Description and Why is it Important
Job descriptions are something everyone encounters at some point in their lives. This article will talk about what a job description is as well as the main components of job
Gross Profit Explained: How to Calculate it and Why it MattersGross Profit Explained: How to Calculate it and Why it Matters
Gross profit is an excellent indicator of a product’s performance and can indicate when a company needs to cut costs to increase the pricing of its products. This article will
ROI 101: The Basics of Calculating Return on InvestmentROI 101: The Basics of Calculating Return on Investment
Return on investment is a key financial metric with a range of valuable uses. Most financial concepts in the business world are based on this metric. This article will explore
What Are Liquid Assets? How to Calculate Personal Liquid Assets?What Are Liquid Assets? How to Calculate Personal Liquid Assets?
What is a liquid asset is a common question among the general population and rookie entrepreneurs who need to assess how much capital they have at their disposal. We will
What is Net Worth? How to Calculate it Properly?What is Net Worth? How to Calculate it Properly?
Whether you are an aspiring owner of an independent or franchised business, the term net worth is something you will often hear in your entrepreneurial journey. We will reveal what
What is a Sole Proprietorship? Definition With ExamplesWhat is a Sole Proprietorship? Definition With Examples
If you are an aspiring company owner researching which business entity is the right choice, this article can come in handy. We’ll break down what sole proprietorships are, how they