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Arabian Journal of Business and Management Review

ISSN: 2223-5833

Open Access


Company is the practice of making a living or making money through the production or purchase and selling of goods. It doesn't mean it's a business, a corporation, a partnership, or any formal entity like that, but it can range from a street peddler to General Motors. Getting a company name doesn't differentiate the business entity from the owner, which means that the business owner is responsible and liable for the debts the business has incurred. If the company acquires debts, the creditors can go after the personal property of the owner. The corporate tax rates are not required by a business structure. The owner is paid directly on all Busine profits. In addition, the word is sometimes used colloquially (but not by lawyers or elected officials) to refer to a corporation. At the other hand, a corporation is a distinct legal entity that accounts for both limited liability that corporate tax rates. A business structure is more complex and costly to set up but gives the owner more security and advantages.

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Citations: 3017

Arabian Journal of Business and Management Review received 3017 citations as per google scholar report

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