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Liula [17]
3 years ago
8

Difference between sole proprietorship and independent contractor

Business
1 answer:
wariber [46]3 years ago
8 0

Answer:

Explanation:

A sole proprietor is a person who owns, manage, finance and organize a business firm.

It refers to an individual who owns a business that has not been registered as a business entity. Such business includes partnership, limited liability company (LLC) and a corporation.

A sole proprietor is responsible for decision making process of his business and also bears the burden of profit, loss and tax alone.

WHILE

An independent contractor is an individual who works for another individual. An independent contractor provides services to another person but he is not an employee of the other person. An independent contractor is a self employed person who provides professional services to a business organzation.

He is paid based on the amount of work done. Examples of independent contractor includes graphics designer, data analyst, web designer or IT expert.

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$0.05m + $50>55

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What minimum amount of body weight loss (lbs) is shown to improve physical capabilities and quality of life?
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<span>This is not a question that can really be answered with a specific number. The answer will vary from person to person and it would be best to consult a medical professional to get a solid answer for your individual situation. Some people would benefit by weight loss, others might just need to adjust their habits in order to improve their abilities and quality of life. Generally speaking, weight loss will not matter as much as eating healthy and getting regular exercise. Both of these will have an impact on quality of life.</span>
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2 years ago
Which system for tax collection supports the idea that some states are worth more than other states?
Snowcat [4.5K]

which system tax collection system supports the idea that some states are more valuable than others is the Articles of Confederation says that its value will be estimated based on land, people, and improvements

Taxes can be defined as mandatory levies from the people for the state. Every penny of tax money paid by the people will be included in the post of state income from the tax sector. Its use is to finance central and local government spending for the welfare of the community.

Taxes are very beneficial for the state. In full, taxes are widely used for:

  • Financing state expenditures, such as: self-liquidating expenditures, for example: expenditures for productive projects for export goods.
  • Financing reproductive expenditures, such as: expenditures that provide economic benefits for the community, for example: expenditures for irrigation and agriculture.
  • Financing expenses that are not self-liquidating and non-reproductive, for example: expenses for the construction of monuments and recreational objects.
  • Financing unproductive expenses, for example: expenditures to finance national defense or war and expenditures for future savings, namely expenditures for orphans.

You can learn more about tax here brainly.com/question/16423331

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3 0
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What pricing strategy could work well in any market, primarily by generating buyer interest?
hram777 [196]

Any market could benefit from the pricing approach known as price elasticity of demand, particularly if it can attract customers.

How a change in price impacts consumer demand is assessed using the price elasticity of demand.

A product is deemed inelastic if people continue to buy it in spite of a price increase (such as with cigarettes and fuel).

Contrarily, elastic goods are subject to price changes (such as cable TV and movie tickets).

The formula: % Change in Quantity % Change in Price = Price Elasticity of Demand can be used to determine price elasticity.

You can determine whether your product or service is responsive to price changes using the idea of price elasticity. Your product should ideally be inelastic, meaning that demand won't change even if prices do.

Learn more about price elasticity of demand here.

brainly.com/question/28203114

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3 0
1 year ago
What type of interest will earn you the most amount on your money?
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