Even though GDPR might seem overwhelming with all of the policies, here at the The Business Train, we eliminate the stress and headaches that can come with doing it yourself, and you’ll eliminate the huge price tag that comes with a consultant. Discover everything you need to know in this simple to follow guide:
If you’re a sole trader, you run your own business as an individual and are self-employed. You can keep all your business’s profits after you’ve paid tax on them. You’re personally responsible for any losses your business makes.
SMEs are defined as small to medium sized enterprises, you can split them out into 3 categories micro enterprises, small enterprises and medium sized enterprises. Number of employees in a micro business must be 10 employees or less, a small sized business must be 10-50 employees and a medium sized business must be 50-250 employees.
Corporations are owned by their stockholders (shareholders) who share in profits and losses generated through the firm’s operations. A form of business operation that declares the business as a separate, legal entity guided by a group of officers known as the board of directors.