Differences and Similarities
There are various types of business structure and they start from the most basic – sole trader, partnership, and corporation. These types are further divided into different forms. In this article, we will discuss the difference between a sole trader and a private limited company. Sole Trader A sole trader is also called a sole … Read more
There are three main business structures – sole proprietorship or sole trader, partnership and corporation. In this article, we will touch the topic of a sole trader. Here, we will differentiate a sole trader and partnership. Sole Trader A sole trader is also known as a sole proprietor. Its most basic definition is a business structure … Read more
Composed of over 7000 islands, the Philippines has been a destination for tourists looking for an affordable vacation spot. This and the amount of people retiring in the country has made the Philippines a good place to start up a business. In this article, we will feature the differences of a partnership and corporation in … Read more
There are different business structures to choose from in the United Kingdom. If you’re thinking of putting up a business in UK, it would be best to know the differences between each type. Knowing each type will help you figure out which is best for your business venture. Here, we will compare a partnership and … Read more
There are many types of businesses. The most basic classification would be sole proprietorship, partnership and corporation. Even then, the description of these business types vary by country. In this article, we will list the differences between a partnership and corporation in Canada. Partnership In Canada, a partnership is defined as a non-incorporated business that … Read more
Different industries have various technical terms and jargon. This can cause some confusion especially when the terms used are almost synonymous in regular language. In this article, we will discuss how the terms partner and associate differ in the context of law and accounting. Partner A partner in business is generally a part-owner of a … Read more
The automobile industry continues to develop and release newer models of vehicles over the years. At the same time, more and more brands companies have started to emerge. However, there remain the strongest brands, including the GMC and Chevy. Despite their strong popularity, however, the GMC and Chevy cars are constantly the subject of confusion … Read more
Last October 1, 2018, U.S. President Donald Trump announced the USCMA in the Rose Garden of the White House. The president considers this agreement as an improved version of the already existing NAFTA, but there are also people who beg to differ. How exactly is USMCA different from NAFTA? We attempt to shed some light … Read more
There are countless companies available nowadays, and globalization and the internet have only serve to expand our options. It is natural that different organizations can be mistaken for each other, especially if they share similar names and functions. UPS and USPS are two such popularly mistaken organizations. We will distinguish UPS and USPS in this … Read more
Chapter 7 and Chapter 13 bankruptcy are only two of the four bankruptcy options that one can choose from in the United States. They are options when an entity is no longer able to pay for their liabilities. Here are the differences between chapter 7 and chapter 13 bankruptcy. Chapter 7 bankruptcy, also called liquidation … Read more