Categories
Master Business Registrations
Business Registration and Incorporation:
M.A.S Inc registers three types of businesses meaning that there are three typical ways in which you may carry on a business.
• sole proprietorship
• partnership
• corporation
Sole Proprietorship
Business Registration and Incorporation:
Manpasos Accounting Services Inc. offers low cost business registration and incorporation services to any type of business. In addition to business registrations we offer a variety of business services including renewals, out of provinces registrations, corporation kits, government tax accounts, name reporting and more. MAS Inc Inc helps your business save time and money with our comprehensive business registration programs.
We register all types of business to suit your business operations.
Types of Business Registrations:We register all types of business to suit your business operations.
M.A.S Inc registers three types of businesses meaning that there are three typical ways in which you may carry on a business.
• sole proprietorship
• partnership
• corporation
Sole Proprietorship
The sole proprietor is the simplest form of operating a business. Only one owner is responsible for making all of the business decisions and assumes all of the risks and obligations.
A disadvantage that may lead you to decide against choosing this business form is liability. The owner is personally responsible for all of the debts and obligations incurred by the business including the actions of employees in the course of their employment.
PartnershipA disadvantage that may lead you to decide against choosing this business form is liability. The owner is personally responsible for all of the debts and obligations incurred by the business including the actions of employees in the course of their employment.
A partnership is a relationship between two or more persons carrying on the business and there is more than one owner to share in the profit and/or losses.
Business registrations of this type allow for individuals to carry on a business with easy because of its easy formation and dissolution.
Disadvantages to choosing this method of business registration at similar to that of a sole proprietor in that all parties involved in the partnership share unlimited personal liability for all of the debts and obligations of the business.
Business registrations of this type allow for individuals to carry on a business with easy because of its easy formation and dissolution.
Disadvantages to choosing this method of business registration at similar to that of a sole proprietor in that all parties involved in the partnership share unlimited personal liability for all of the debts and obligations of the business.