Difference Between Corp. and Inc.

The abbreviations Corp. and Inc. can often be found with the names of businesses. Corporations use both Corp. and Inc. at the end of their company name, but would have to choose between the two. Although both abbreviations refer to an incorporated company and have the same implementations, entities can only use one consistently. Here … Read more Difference Between Corp. and Inc.

Difference Between Malpractice and Negligence

In many cases under the law, the issues of malpractice and negligence tend to overlap that people often mistake them to be the same thing. However, there are important points that clearly distinguish between malpractice and negligence, Here, we will compare the traits of each and determine how they are different. Malpractice Malpractice is classified … Read more Difference Between Malpractice and Negligence

Difference Between Civil Law and Criminal Law

There are two kinds of law – civil law and criminal law. Oftentimes, the distinctions between the two are hard to find. There are also cases when someone can be both civilly and criminally liable for a certain act. In this article, we will discuss the differences between civil law and criminal law. Civil Law … Read more Difference Between Civil Law and Criminal Law

Difference Between Assault and Battery

Assault and battery are both offenses punishable by law. The two offenses are commonly mistaken for each other and are often used interchangeably. In this article, we will discuss the differences between the two. Assault Assault, in many jurisdictions, is the threat of bodily harm towards the victim. In cases when there was no actual … Read more Difference Between Assault and Battery

Difference Between U.S. GAAP and IFRS

Different countries use different methods of approach in different fields, including accounting. The U.S. GAAP and IFRS are two accounting standards and guidelines that provide a basis for a clear and uniform accounting process. Here, we discuss the differences between the U.S. GAAP and IFRS. U.S. GAAP U.S. GAAP stands for “U.S. Generally Accepted Accounting … Read more Difference Between U.S. GAAP and IFRS

Difference Between Sole Trader and Private Limited Company

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 Difference Between Sole Trader and Private Limited Company

Difference Between Sole Trader and Partnership

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 Difference Between Sole Trader and Partnership

Difference Between Partnership and Corporation in the Philippines

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 Difference Between Partnership and Corporation in the Philippines

Difference Between Partnership and Limited Company in UK

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 Difference Between Partnership and Limited Company in UK