Capital

To obtain a new Federal All-In-One© Poster, please take a look at the Federal Wage and Labor Law Institute. Owner as Employee: Even though a corporation may have only one individual running the organization and that very same particular person is the sole shareholder, officer and director, he or she is also an employee of the corporation. This makes a small business a separate entities apart from its owners and therefore, corporations can own property, assume liability, pay taxes, enter into contracts, sue and be sued like any other person, Wilson said.

When doing small business in China, then, it pays to consider back to former days in the west when gentlemanliness and gallantry had been to the fore, when ritual was favored more than individual initiative, when it meant far more who you went to college with and your father's status in society than who you, your self, really have been.

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