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      • About Us
      • Our Story
      • Board of Directors
      • Standing Committees
    • Events
      • Upcoming Events
      • Past Events
        • Family Discussion
        • Virtual Meet & Greet with the Honorable Jay Clayton SEC Chairman
        • Young Professionals Virtual Program, “I Can’t Breathe”
        • COVID-19 Economic Impacts in the Black Community – Virtual Forum
        • 2020 Black History Month Celebration
        • 2019 Young Professionals Holiday Happy Hour
        • 2019 Fall Reception
        • 2019 Annual Summer Happy Hour
        • 2019 Black History Month Celebration
        • 2018 FSP Business Meeting
        • 2018 Spring Event
        • 2017 Black History Month
    • Membership
      • Membership Benefits
      • Opportunity Postings
      • Resume Bank
    • News
    • Sponsorship
    • Contact
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Super Secret Project

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 all 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.

The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company. A company, on the other hand, is a separate legal entity and provides for limited liability, as well as corporate tax rates. A company structure is more complicated and expensive to set up, but offers more protection and benefits for the owner.

Business entity from the owner, which means that the owner of the business is responsible and liable for all 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.

Project Information

  • Client: Robert
  • Location: Grees
  • Completed Date: 2017
  • Project Value: $1500
  • Previous Code Talkers Project
  • Next Apollo Program

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