A business also known as an enterprisea companyor a firm is an organizational entity and legal entity made up of an association of people, be they naturallegalor a mixture of both who share a common purpose and unite in order to focus their various talents and organize their collectively available skills or resources to achieve specific declared goals and are involved in the provision of goods and services to consumers.
A company or association of persons can be created at law as legal person so that the company in itself can accept limited liability for civil responsibility and taxation incurred as members perform or fail to discharge their duty within the publicly declared "birth certificate" or published policy.
Because companies are legal persons, they also may associate and register themselves as companies — often known as a corporate group. When the company closes it may need a "death certificate" to avoid further legal obligations. Businesses serve as conductors of economic activity, and are prevalent in capitalist economieswhere most of them are privately owned and provide goods and services allocated through a market to consumers and customers in Owner Of A Business Resume for other goods, services, money, or other forms of exchange that hold intrinsic economic value.
Businesses may also be social nonprofit enterprises or state-owned public enterprises operated by governments with specific social and economic objectives. A business owned by multiple private individuals may form as more To Write A Proprosal for incorporated company or jointly organized as a partnership.
Countries have different laws that may ascribe different rights to the various business entities. The word "business" can refer to a particular organization or to an entire market sector for example, "the finance business" is "the financial sector" or to all economic sectors collectively "the business sector ". Compound forms such as " agribusiness " represent subsets of the concept's broader meaning, which encompasses all activity by suppliers of goods click here services.
Typically private-sector businesses aim to maximize their profitalthough in some contexts they may aim to maximize their sales revenue or their market share. Government-run businesses may aim to maximize some measure of social welfare.
Bythe word referred to trade guilds. Usage of company to mean "business association" was first recorded in[ citation needed ] and the abbreviation "co. The Old English signs Northumbrian "care, anxiety, occupation," from being "careful, anxious, busy, occupied, diligent" see busy adj. Middle English sense of "state of being much occupied or engaged" midc. The sense of "a person's work, occupation" is first recorded late 14c.
Meaning "what one is about at the moment" is from the s. The sense of "trade, commercial engagements" is first attested Forms of business ownership vary by jurisdictionbut several common entities exist:.
Note that "Ltd after the company's name signifies limited company, and PLC public limited company indicates that this web page shares Owner Of A Business Resume widely held. In legal parlance, the owners of a company are normally referred to as the "members".
In a company limited or unlimited by shares formed or incorporated with a share capitalthis will be the shareholders. In a company limited by guarantee, this will be the guarantors. Some offshore jurisdictions have created special forms of offshore company in a bid to attract business for their jurisdictions.
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Examples include " segregated portfolio companies " and restricted purpose companies. There are, however, many, many sub-categories of types of company that can be formed in various jurisdictions in the world. Companies are also sometimes distinguished for legal and regulatory purposes between public companies and private companies.
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Private companies do not have publicly traded shares, and often contain restrictions on transfers of shares. In some jurisdictions, private companies have maximum numbers of shareholders. A parent company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the parent company. The definition of a parent company differs by jurisdiction, with the definition normally being defined by way of laws dealing with companies in that jurisdiction.
Accounting is the measurement, processing and communication of financial information about economic entities   such as businesses and corporations. The modern field was established by the Italian mathematician Luca Pacioli in The terms "accounting" and "financial reporting" are often used as synonyms.
Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty and risk. Finance can also be defined as the science of money management. Finance aims to price assets based on their risk level and their expected rate of return. Finance can be broken into three different sub-categories: Manufacturing is the production of merchandise for use or sale using labour and machinestoolschemical and biological processing, or formulation.
The term may refer to a range of human activity, from handicraft to high techbut is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale. Marketing is defined by the American Marketing Association as "the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
Marketing tactics include advertising as well as determining product pricing. Research and development refer to activities in connection with corporate or Owner Of A Business Resume innovation.
Research and development constitute the first stage of development of a potential new service or product. Continue reading and development are very difficult to manage since the defining feature of the research is that the researchers do not know in advance exactly how to accomplish the desired result. Sales are activity related to selling or the amount of goods or services Owner Of A Business Resume in a given time period.
The efficient and effective operation of a businessand study of this read article, is called management. The major branches of management are financial managementmarketing management, human resource managementstrategic managementproduction managementoperations managementservice managementand information technology management.
Owners may manage their businesses themselves, or employ managers to do so for them. Whether they are owners or employees, managers administer three primary components of the business' value: These resources are administered in at least five functional areas: In recent decades, states modeled some of their assets and enterprises after business enterprises.
Business process management BPM is a holistic management approach focused on aligning Owner Of A Business Resume aspects of an organization with the wants and needs of clients. BPM attempts to improve processes continuously.
It can, therefore, be described as a "process optimization process". It is argued that BPM enables organizations to be more efficient, effective and capable of change than a functionally focused, traditional hierarchical management approach. Most legal jurisdictions specify the forms of ownership that a business can take, creating a body of commercial law for each type.
Many businesses are operated through a separate entity such as a corporation or a partnership either formed with or without limited liability. Most legal jurisdictions allow people to organize such an entity by filing certain charter documents with the relevant Secretary of State or equivalent and complying with certain other ongoing obligations.
Find the best Business Owner resume samples to help you improve your own resume. Each resume is hand-picked from our large database of real resumes. This example resume written for an entrepreneur and former business owner illustrates some of the considerations that must be accounted for in writing a resume. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be. Stop writing resumes and CV's the hard way. Use the Amazing Resume Creator instead! Offers resume and technical writing, word processing, and editorial services.
The relationships and legal rights of shareholderslimited partners, or members are governed partly by the charter documents and partly by the law of the jurisdiction where the entity is organized. Generally speaking, shareholders in a corporation, limited partners in a limited partnership, and members in a limited liability company are shielded from personal liability for the debts and obligations of the entity, which is legally treated as a separate "person".
This means that unless there is misconduct, the owner's own possessions are strongly protected in law if the business does not succeed. Where two or more individuals own a business together but have failed to organize a more specialized form of vehicle, they will be treated as a general partnership. The terms of a partnership are partly governed by a read article agreement if one is created, and partly by the law of the jurisdiction Owner Of A Business Resume the partnership is located.
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No paperwork or filing is necessary to create a partnership, and without an agreement, the relationships Owner Of A Business Resume legal rights of the partners will be entirely governed by the law of the jurisdiction where the partnership is located. A single person who owns and runs a business is commonly known as a sole proprietorwhether Owner Of A Business Resume person owns it directly or through a formally organized entity.
Depending on the business needs, an adviser can decide what kind is proprietorship will be most suitable. A very detailed and well-established body of rules that evolved over a very long period of time applies to commercial transactions. The need to regulate trade and commerce and resolve business disputes helped shape the creation of law and courts. The Code of Hammurabi dates back to about BC for example, and contains provisions that relate, among other matters, to shipping costs and dealings between merchants and brokers.
In many countries, it is difficult to compile all the laws that can affect a business into a single reference source. Laws can govern treatment of labour and employee relations, worker protection and safetydiscrimination on the basis of age, gender, disability, race, and in some jurisdictions, sexual orientation, and the minimum wage, as well as unionsworker compensation, and working hours and leave. Some specialized businesses may also require licenses, either due to laws governing entry into certain trades, occupations or professions, that require special education or to raise revenue for local governments.
Professions that require special licenses include law, medicine, piloting aircraft, selling liquor, radio broadcasting, selling investment securities, selling used cars, and roofing. Local jurisdictions may also require special licenses and taxes just to operate a business. Some businesses are subject to ongoing special go here, for example, public utilitiesinvestment securities, banking, insurance, broadcastingaviationand health care providers.
Environmental regulations are also very complex and can affect many businesses. When businesses need to raise money called capitalthey sometimes offer securities for sale. Capital may be raised through private means, by an initial public offering or IPO on a stock exchangeor in other ways. Most countries with capital markets have at least one. Businesses that have gone public are subject to regulations concerning their internal governance, such as how executive officers' compensation is determined, and when and how information is disclosed to shareholders and to the public.
Other western nations Owner Of A Business Resume comparable regulatory bodies. The proliferation and increasing complexity of the laws governing business have forced increasing specialization in corporate law.
It is not unheard of for certain kinds of corporate transactions to require a team of five to ten attorneys Owner Of A Business Resume to sprawling regulation. Commercial law spans general corporate law, employment and labor law, health-care law, securities law, mergers and acquisitions, tax law, employee benefit plans, food and drug regulation, intellectual property law Owner Of A Business Resume copyrights, patents, trademarks, telecommunications law, and financing.
Other types of capital sourcing include crowdsourcing on the Internet, venture capital, bank loans, and debentures. Businesses often have important " intellectual property " that needs protection from competitors for the company to stay profitable. This could require patentscopyrightstrademarksor preservation of trade secrets. Most businesses have names, logos, and similar branding techniques that could benefit from trademarking. Patents and copyrights in the United States are largely governed by federal law, while trade secrets and trademarking are mostly a matter of state law.
Because of the nature of intellectual property, a business needs protection in every jurisdiction in which they are concerned about competitors. Many countries are signatories to international treaties concerning intellectual property, and thus companies registered in these countries are subject to national laws bound by these treaties. In order to protect trade secrets, companies may require employees to sign noncompete clauses which will impose limitations on an employee's interactions with stakeholders, and competitors.
A trade union or labor union is an organization of workers who have come together to achieve common goals such as protecting the integrity of its trade, improving safety standards, achieving higher pay and benefits such as health care and retirement, increasing the number of employees an employer assigns to complete the work, and better working conditions.
The trade union, through its leadership, bargains with the employer on behalf of union members rank and read article members and negotiates labor contracts collective bargaining with employers.
The most common purpose of these associations or unions is "maintaining or improving the conditions of their employment ". Media related to Business at Wikimedia Commons.