This is why so many people say the going concern or business entity concept is applicable to their personal business.
We’ve been hearing about the going concern or business entity concept for quite some time, and at first glance it seems to be a very simple concept. Basically, what it means is that you are operating as a business. It is not a legal term, nor is it as simple as “you are a business”. It is much more complicated than that. The business is a human being, and that’s what we do. That’s us. That’s who we are.
Its a very complicated idea and one that has received a lot of confusion. Most people think its a simple concept to start with, but they are wrong. The concept is far more complicated than that. It has to do with the nature of a business person. A business person is the owner of a business. They are a business person because they are the owner of the company, and they are the ones most responsible for how that company is run.
The idea is that a business person is the owner of the business. However, a business person is also responsible for making sure that the business is run in a way he is willing to accept, and that the business is run in a way that he can be confident in. This is why the “going concern” concept is more than just a title, it is a concept. In business, the going concern concept serves a purpose, and it is the owner of the company.
I know, that sounds a little scary, because we are not in the business of making this stuff very comfortable, but the going concern concept is actually quite simple. It is the idea that a person or company should be responsible for making sure the company is run in a way that they are confident in. A company that makes a mistake, for example, is the responsibility of the owner. A company that makes the company successful, is the responsibility of the owner.
In terms of ownership, the going concern concept is somewhat harder to apply. You have to decide who is responsible for what, and whether the company itself is a going concern. For example, let’s say you own a company called Pizza Hut. You run your business in a way that is consistent with the idea that you are the most important guy in the world. If this is the case, then you are responsible for running your company so that you’re successful.
This is where the going concern/company concept becomes a little unclear. A good going concern/company is not the company itself, but rather a company that has a lot of employees. The idea is that the people who are employees of the company should be responsible for running the business. For example, Pizza Hut is a going concern, since it has a lot of employees. But let’s say it’s your birthday and you want to give your employees a birthday party.
A going concerncompany is just a company that has a lot of employees. For example, Pizza Hut is a going concern because it has a lot of employees. However, its employees are not its customers. Pizza Hut has a lot of employees, but its customers are not customers. A going concerncompany would have the same concept as Pizza Hut, but it would not have to have pizza or restaurants.
I just wanted to mention that the going concern company idea is an idea that I’ve had for a long time, but its something I haven’t quite figured out how to apply. Although I don’t have a lot of experience with it, I think its possible to have a company that has a lot of employees and still be a going concern company.
I cant really think of any other way to apply the going concern concept to a business, although I wouldnt mind a business that made me a lot of money.