Business terminology

What is foreign register? A Company may, if so authorised by its articles, keep in any country outside India, a part of the “”Foreign Register”” containing the names and particulars of the members, debenture-holders, other security holders or beneficial owners residing outside India. Read more on www.lawrbit.com The term “foreign register” describes a list of … Read more

Is licensed correct? Note: According to the Oxford Dictionary, when it comes to adjectives, licenced may be used. But licensed is more common. In American English, license is both a noun and a verb. Read more on ontariotraining.net It’s essential to grasp the proper terminology to use when recording financial transactions if you’re a business … Read more

Why are owners of LLC called members? The owners of an LLC are called its members. Depending upon the size of the organization, an LLC member can assume a position resembling a partner, passive investor, or a sole proprietor. They cannot draw salary since the business profits are considered personal income and are subject to … Read more

What is the difference between the act of doing business and a business? Doing business is actually running a real business and producing economic value by serving real customers, generating revenue and making profits. Playing business is acting like you are running a business but without actually doing business. Read more on www.inc.com The terms … Read more

What does the term business mean? The term business refers to an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or they can be non-profit organizations that operate to fulfill a charitable mission or further a social cause. Read more on www.investopedia.com The word “business” is frequently … Read more

What does inactive mean on Sunbiz? InActive: An inactive status means the company was dissolved voluntarily, so the name could be available for use. INACT/CV: This status means that the company has become inactive due to its filing of an entity conversion. The name might be available for use. Read more on www.upcounsel.com The Florida … Read more

What is trade name SBA? A trade name is the official name under which an individual as a sole proprietor or a company chooses to do business. A trade name is commonly known as a doing business as (DBA) name. Read more on www.investopedia.com Trade Name Small Business Administration, or SBA, is a U.S. government … Read more

What is the owner of LLC called? If you own all or part of an LLC, you are known as a “”member.”” LLCs can have one member or many members. In some LLCs, the business is operated, or “”managed”” by its members. In other LLCs, there are at least some members who are not actively … Read more

Whats considered a large corporation? Business Size Standards. Generally, large businesses are those in most mining and manufacturing industries that employ 500 or more individuals, or those that do not manufacture goods and have an average of $7 million in annual receipts. There are exceptions to these standards in some industries. Read more on smallbusiness.chron.com … Read more

A businessperson is a person who engages in commercial or industrial endeavors with the intention of reaping financial rewards. They may also be referred to as businessmen, investors, or executives. These people are in charge of starting and running enterprises, supervising operations, and making important strategic choices that will determine how well the company does. … Read more