What’s a Business?
A business is an entity that conducts commercial or industrial activities.
A business can be for-profit or non-profit, and can range from a sole proprietorship to a corporation.
Most people would argue that profit making is the primary goal of any business. But what exactly is a business?
What makes a business successful?
How does one go about starting a business? At ATX-WD we are here to help you to get started and along the journey to success.
The theory of business explains why companies succeed and fail. It is also the foundation for the current malaise that is plaguing many large organizations. It no longer works. Here are some examples:
A partnership is a legal entity that is run by two or more individuals. It can be general or limited. A sole proprietor is personally liable for the business’s debts and liabilities, while a limited partnership has limited liability.
A corporation is a separate legal entity from its owners. Its owners share the business’s profits and losses but are not necessarily involved in its daily operation. A board of directors oversees the corporation’s operation.
Not sure which to pick?
We can assist you down the journey to allow for scalability as well as economic and financial decline. We know it can be rough getting start and some decisions you make now can actually haunt you for the rest of your life. You’ll want to at least get some insight to the business world before jumping in blindly!