Business Synonyms: Ninety Six Synonyms & Antonyms For Business

A cooperative differs from an organization in that it has members, not shareholders, and so they share decision-making authority. Cooperatives are usually categorized as either consumer cooperatives or employee cooperatives. Cooperatives are fundamental to the ideology of economic democracy. Having a business name doesn’t separate the business entity from the proprietor, which signifies that the proprietor of the business is accountable and responsible for money owed incurred by the business. If the business acquires money owed, the creditors can go after the owner’s private possessions. The proprietor is personally taxed on all income from the business.

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