• [email protected]
  • 1300 086 243
Omega Project Services
Omega Project Services
  • Home
  • About Us
  • Services
  • Projects
  • Contact Us
  • Get A Quote
    • Home
    • About Us
    • Services
    • Projects
    • Contact Us
    • Get A Quote

Portfolios

Browse:

  • Home
  • Portfolios
  • Philip Street, Lower Plenty

Philip Street, Lower Plenty

Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for all debts incurred by the business. If the business acquires debts, the creditors can go after the owner’s personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.

The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company. A company, on the other hand, is a separate legal entity and provides for limited liability, as well as corporate tax rates. A company structure is more complicated and expensive to set up, but offers more protection and benefits for the owner.

Business entity from the owner, which means that the owner of the business is responsible and liable for all debts incurred by the business. If the business acquires debts, the creditors can go after the owner’s personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.

Colloquially (but not by lawyers or by public officials) to refer to a company. A company, on the other hand, is a separate legal entity and provides for limited liability, as well as corporate tax rates. A company structure is more complicated and expensive to set up,

  • Previous Teven Road, Alstonville, Nsw
  • Next Livistonia Drive, Poona, Qld
  • image
  • 1300 086 243
  • [email protected]

Quick Links

  • Home
  • About Us
  • Projects
  • Contact Us
  • Get A Quote
  • Blog

Locations

  • Sydney
  • Newcastle
  • Wollongong
  • Central Coast
  • Brisbane
  • Sunshine Coast
  • Gold Coast
  • Adelaide
  • Melbourne

Affliations




© 2021 Copyright Omega Project Services. All rights reserved. ABN: 90 358 689 845