Some sole proprietorship businesses include real estate investors, seminar educators or professional speakers, authors, auctioneers, financial planners and information brokers, according to PowerHomeBiz. All of these jobs can be undertaken independently as part of a sole proprietorship.Know More
Sole proprietorships are a type of business in which the company is owned by a single person who reaps all of the benefits but is also responsible for all the losses of the company, states the U.S. Small Business Administration. This is a popular type of unincorporated business for entrepreneurs because it requires no formal paperwork and the owner gets to work on her own time. Legally, there is no distinction between the owner of a sole proprietorship and the company itself, which means that the owner is in complete control of the company.
A number of businesses are usually sole-proprietorships, such as authors, freelance writers, professional speakers and real estate investors. Authors are their own business in the sense that they write pieces and then sell the piece to publishers. Freelance writers are similar in that they sell their writing services to other companies. Real estate investors buy homes on the market and fix them up before selling the house for a higher price. All of these are common types of sole-proprietorships where the money-making entity and the owner are not legally distinct.Learn more about Business Resources
Computerized registration is beneficial to both businesses and clients as it saves them time and reduces the amount of paperwork involved in a transaction. The company saves on administrative and labor costs normally involved with interacting with customers. Customers are not forced to wait in line or take time out of their schedules to do what can be done at home on the computer.Full Answer >
Automated Clearing House, or ACH, payment processing is an electronic authorization network used by financial institutions to instantly approve funds transfers initiated by businesses or consumers, according to the Consumer Financial Protection Bureau. Payroll direct deposit and automatic bill payment from a bank are common examples of ACH payment processing.Full Answer >
A registration tool is a service or software that enables businesses and individuals to plan events and invite guests, with or without pay, in a simple and organized manner. Most services, such as Eventbrite and RegOnline, allow users to set up an event for free but charge for additional features.Full Answer >
NAICS stands for the North American Industry Classification System, and it is the standard used by federal statistical agencies, including the U.S. Census Bureau, to classify businesses. The goal of the system’s creation was to produce common industry definitions throughout the United States, Canada and Mexico.Full Answer >