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 1494. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.
→ فَائِدَة, يَسْتَفِيدُ prospět, užitek nyde godt af, udbytte nützen, Vorteil όφελος, ωφελώ beneficiar, beneficio hyöty, hyötyä avantage, bénéficier imati koristi, korist beneficiare, beneficio 利益, 利益を得る 이익, 이익이 되다 profiteren, voordeel fordel, gagne korzyść, przynieść korzyść beneficiar, benefício выгода, приносить пользу förmån, gagna ผลประโยชน์, มีประโยชน์ต่อ yarar, yarar sağlamak được lợi, lợi ích 利益, 有益于
Limited liability companies (LLC), limited liability partnerships, and other specific types of business organization protect their owners or shareholders from business failure by doing business under a separate legal entity with certain legal protections. In contrast, unincorporated businesses or persons working on their own are usually not as protected.
Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.
Companies are also sometimes distinguished for legal and regulatory purposes between public companies and private companies. Public companies are companies whose shares can be publicly traded, often (although not always) on a stock exchange which imposes listing requirements/Listing Rules as to the issued shares, the trading of shares and future issue of shares to help bolster the reputation of the exchange or particular market of an exchange. 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.
When you answer this question, count all of the children that you are responsible for, even if you are subject to the Two Child Limit. Include any child who is away from home temporarily, for example in hospital or on holiday. You may also qualify for child related benefits if you can show you have responsibility for and are paying to support a child you are looking after in a private, informal fostering arrangement.