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.
vi → profitieren (from, by von); (from experience also) → Nutzen ziehen (from aus); who will benefit from that? → wem wird das nützen?; but how do we benefit? → aber was nützt das uns?; he would benefit from a week off → eine Woche Urlaub würde ihm guttun; I think you’ll benefit from the experience → ich glaube, diese Erfahrung wird Ihnen nützlich sein or von Nutzen sein; a cure from which many have benefited → eine Behandlung, die schon manchem geholfen hat

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: financial resources, capital (tangible resources), and human resources. These resources are administered in at least six functional areas: legal contracting, manufacturing or service production, marketing, accounting, financing, and human resources.[citation needed]
Do not include any child that receives a benefit in their own name, such as Income Support, income-based Jobseeker's Allowance, income-related Employment & Support Allowance or Universal Credit. Do not include any child that is in care or that the local authority is paying you an allowance to look after, for example, a fostering allowance. You do not qualify for child related benefits for these children.
If you are an approved foster carer (formal kinship carer in Scotland) you may be allowed an extra bedroom when working out your Housing Benefit as long as your home has the extra room needed. This applies whether or not a child is placed with you or you are between placements, so long as you have fostered a child, or become an approved foster carer, in the last 12 months.
Prior to your appointment we had run our own series of advertisements in Victoria, but were making little progress. From only 2 advertisements you were able to produce a number of prospective purchasers which resulted in a full price offer being received within 5 weeks of your appointment. This was extremely pleasing as car care is not yet an established brand in Victoria. Your business report was particularly well presented and is far more professional in appearance and content than we have seen from any of your 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 file 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".[29] This may include the negotiation of wages, work rules, complaint procedures, rules governing hiring, firing, and promotion of workers, benefits, workplace safety and policies.


As you are aware, my brother-in-law and I are looking to purchase a business, whether it be a franchise or a freehold enterprise we would like to confirm in writing my request for you to approach the appropriate organisations as you see fit. All enquiries made on our behalf and any details provided you will of course remain strictly confidential and exclusive.

"Going public" through a process known as an initial public offering (IPO) means that part of the business will be owned by members of the public. This requires the organization as a distinct entity, to disclose information to the public, and adhering to a tighter set of laws and procedures. Most public entities are corporations that have sold shares, but increasingly there are also public LLC's that sell units (sometimes also called shares), and other more exotic entities as well, such as, for example, real estate investment trusts in the USA, and unit trusts in the UK. A general partnership cannot "go public".
the benefits of fresh air and sunshine A benefit of museum membership is that purchases are discounted. There are many financial benefits to owning your own home. She is just now starting to reap the benefits of all her hard work. The benefits of taking the drug outweigh its risks. I see no benefit in changing the system now. We're lucky to be able to get the full benefit of her knowledge. He began collecting his retirement benefits when he was 65. He began collecting his retirement benefit when he was 65. The job doesn't pay much, but the benefits are good.
Russell and his team provided Walcon’s UK based owners with outstanding service in preparing an evaluation that exceed expectations whilst bringing a number of potential clients from his database virtually immediately to view the company. Once sold, we were surprised to see how easy the ownership transition was with PBS looking after all legalities ensuring a smooth transition from one equity owner to the other. We have no hesitation in recommending Russell and PBS for business sale transaction and thank the team wholeheartedly for their support through the sale process.

As you are aware, my brother-in-law and I are looking to purchase a business, whether it be a franchise or a freehold enterprise we would like to confirm in writing my request for you to approach the appropriate organisations as you see fit. All enquiries made on our behalf and any details provided you will of course remain strictly confidential and exclusive.


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 1772 BC for example, and contains provisions that relate, among other matters, to shipping costs and dealings between merchants and brokers.[27] The word "corporation" derives from the Latin corpus, meaning body, and the Maurya Empire in Iron-Age India accorded legal rights to business entities.[28]

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: financial resources, capital (tangible resources), and human resources. These resources are administered in at least six functional areas: legal contracting, manufacturing or service production, marketing, accounting, financing, and human resources.[citation needed]

A short note to express my thanks to you and your organisation upon the successful completion of the sale of my business. You may not have been aware of it but before you listed the business was listed with another broker who although introduced 3 prospective buyers was unable to close the sale. It therefore came as some surprise to me that you’re able to sell the business to the first prospective buyer whom you introduced. It was as though they had all but decided to buy my business before they had actually inspected it!.


The only exception is when EI regular benefits and extended parental benefits are paid during the 52-week period. As extended parental benefits are paid at a benefit rate of 33% of your average weekly insurable earnings, once 50 weeks of benefits have been paid, the weeks of extended parental benefits will be converted to an equivalent number of weeks that would have been paid at the 55% benefit rate. This conversion will determine how many more weeks of regular benefits and special benefits can be paid to reach the equivalent of 50 weeks paid at the 55% benefits rate. Any weeks where you return to work during this period will be considered weeks paid for the purposes of calculating the equivalent of 50 weeks paid at the 55% benefit rate. Once the number of additional weeks that can be paid is determined, the 52-week benefit period will be extended to allow for the additional weeks to be paid.
×