We searched for the best Business Brokers in Perth to sell our business, that we had worked so hard on and invested 9 years of our life, growing, and improving our thriving Tourism business. We were recommended to Performance Business Sales. We were impressed from the outset. Russell was extremely professional, the marketing material we had to complete prior to listing was challenging, but we got there, and in just a few short weeks we had a sale. Great job, we will always be grateful.
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.
Sole proprietorship: A sole proprietorship, also known as a sole trader, is owned by one person and operates for their benefit. The owner operates the business alone and may hire employees. A sole proprietor has unlimited liability for all obligations incurred by the business, whether from operating costs or judgments against the business. All assets of the business belong to a sole proprietor, including, for example, computer infrastructure, any inventory, manufacturing equipment, or retail fixtures, as well as any real property owned by the sole proprietor.