Commerce Questions and Answers

The main disadvantages to being a sole proprietorship are: Unlimited liability: Your small business, in the form of a sole proprietorship, is personally liable for all debts and actions of the company. This means that, in the event of winding up, the personal properties of the sole proprietor would be used the settle the debts of the business.

Construction is the process of constructing a building or infrastructure. Construction is a general term meaning the art and science to form objects, systems, or organizations. A chair is shaped, fine- tuned and put together and the process of putting all the required material to form a tangible piece, is construction.

A liquidator is the officer appointed when a company goes into winding-up or liquidation who has responsibility for collecting in all of the assets under such circumstances of the company and settling all claims against the company before putting the company into dissolution

In general, good road network improves overall accessibility (i.e., they improve businesses ability to provide goods and services, and people's ability to access these goods, education, employment and services) and reduce transportation costs (including travel time, vehicle operating costs, road and parking facility costs.

A prospectus is a document published by every firm offering its securities to public for purchase. its an invitation for the purchase of a company's finanacial security.

it is a disclosure document that describes a financial security for potential buyers. It commonly provides investors with material information about mutual funds, stocks, bonds and other investments, such as a description of the company's business, financial statements, biographies of officers and directors, detailed information about their compensation, any litigation that is taking place, a list of material properties and any other material information.