Service companies provide intangible items or services and sometimes charge for labor or other services supplied to government, to consumers, or to other companies. Many companies are operated through a separate entity similar to a corporation or a partnership . Most legal jurisdictions enable people to prepare such an entity by submitting sure constitution documents with the relevant Secretary of State or equivalent and complying with certain other ongoing obligations. The relationships and legal rights of shareholders, restricted partners, or members are ruled partly by the charter documents and partly by the regulation of the jurisdiction where the entity is organized. This signifies that unless there is misconduct, the proprietor’s personal possessions are strongly protected in regulation if the business doesn’t succeed. In distinction, unincorporated businesses or individuals engaged on their own are usually not as protected.
- If your business sells one other business brand’s services or products, use only