Glossary

duns_number

Glossary of Terms Duns NumberThe Duns Number is a nine-digit number, an industry standard, that identifies and keeps track of businesses around the globe. The number is required by many organizations such as the U.S. federal government and many global industry and trade groups. A specific Dun and Bradstreet Number […]

By August 5, 2017 Comments are Disabled Glossary
NAICS Code: Do You Know Yours and Why It’s Important?

NAICS Code: Do You Know Yours and Why It’s Important?

If you are a new entrepreneur, you may not know much about NAICS and SIC Codes but it is important that you understand these numbers and determine the code for your business. Why? Your NAICS Code is often asked for on various applications and forms. It is simply easier to […]

By August 2, 2017 Comments are Disabled Glossary, NAICS Code, SIC Code

Sole Proprietorship Definition

Probably the best way to look at a sole proprietorship is to think of the business and the owner of the business as one and the same. There are literally millions of sole proprietorship examples around all of us. For example, for Juliet Jones Lawn Cutters, the sole proprietorship, Juliet […]

By July 28, 2017 Comments are Disabled Glossary, Sole Proprietorship

Define Sole Proprietorship

The sole proprietorship business is the easiest to set up and can be quite effective for small businesses or start-ups. While the pros of the sole proprietorship are that it is an easy entity to set and run, the cons generally are that the owner, the sole proprietor, is responsible […]

By July 28, 2017 Comments are Disabled Glossary