Film, Media & TV2 mins ago
can a business be a person
4 Answers
Answers
Best Answer
No best answer has yet been selected by leonmeredith. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Yes, one person can trade and be classed as a business. They keep separate accounts and a bank account for the business and it will be recorded as e.g ' John Smith trading as ' Tasteless Haircutters'. ' Of course, they are still . in law, an individual person and solely liable for everything done in their business and for all its debts, without any limit, or any sharing, of liability.
limited liability companies, (private limited companies and public limited companies) are separate legal entites.
Partnerships and sole traders are separate economic entities. They have unlimited liability.
Separate legal entities are businesses that are viewed as separate from its owners. Hence, partnerships and sole traders are follow your definition.
To the best of my knowledge
Partnerships and sole traders are separate economic entities. They have unlimited liability.
Separate legal entities are businesses that are viewed as separate from its owners. Hence, partnerships and sole traders are follow your definition.
To the best of my knowledge