Branson has since founded multiple companies in the travel, beverage, and broadcasting sectors and remains one of the top serial entrepreneurs in the world. D. It has acquired a number of firms throughout the 2010s. Click here to read our full review for free and apply in just 2 minutes. You may want to avoid titles that use the word partner even if you have a small LLC with just one or two other people, as that could confuse potential clients and lead them to think your business is structured as a partnership, which is technically a different legal structure. Another example is General Electric (GE). ", The New York Times. It simply refers to a person who owns the business and . Winfrey founded Harpo, her own production company, Oxygen Media, and several other print and publishing companies. Sole Proprietorship: What It Is, Pros & Cons, Examples, Differences Co-owner and partnership titles in companies should be chosen carefully. D. False; Characterized by Novelty, in their products, services, or business models. Noun a corporation consisting of a number of subsidiary companies or divisions in a variety of unrelated industries, usually as a result of merger or acquisition. The financial resources of a company This the-whole-is-greater-than-the-sum-of-its-parts concept helped justify mergers and acquisitions, even if the target firms were pretty far from the parent company's core business. Do. Making statements based on opinion; back them up with references or personal experience. The main considerations when choosing a structure for your business are simplicity, liability, control, financing, and taxes. Resources What's the term for introducing an error when you edit a sentence? Its possible to form your business in a state other than your home state where the laws and small business taxes are more advantageous. That failed entrepreneurs can succeed if they try again Being an entrepreneur can be difficult. What is a business entity that your business does close business dealings with called? What Types of Homeowners Insurance Policies Are Available? A. LLCs allow business owners to retain some of the advantages.

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