What are the differences between employee and independent contractor? At several points it becomes essential for businesses to differentiate between an employee and an independent contractor. There are several points of distinction between the two. Of all the factors that affect one’s status as an employee or a contractor, it is the degree of control […]
Employee or independent contractor: How to find out? Read More »
Partnership in Business and Its Types Partnership: Partnership implies shared ownership where two people or more share the ownership of a single business. The partners don’t just share the profits and losses of the business but contribute to every aspect of the business, whether it is the money, resources, labor, or even skills. Since a partnership
Business Partnership types and their pros and cons. Read More »
 What is a sole proprietorship? What are its advantages and disadvantages? Sole proprietorship is the most common form of business. It is also the simplest structure and the one that is the easiest to start, usually requiring no or scarce formal action. The most important feature of a sole proprietorship is that there is no distinction
What is a sole proprietorship? What are its advantages and disadvantages? Read More »
Reasons behind the fall of Kodak Kodak had a magical rise but an even disastrous fall . It was the leader in photography business, but even the giants fall to the blow of time and while significant changes occurred around, Kodak remained stuck. The company was unwilling to change and there were many reasons behind it.
KODAK’S FALL: WHERE IT FAILED TO TAKE THE DIGITAL CHALLENGE Read More »
Elements in a legally enforceable contract Contracts: Contracts are a very important part of business agreements. Before two parties form an agreement it is essential that they know their duties and benefits well. Each party is required to perform its duty. Contracts are promises that are enforceable by law. Two parties are believed to have
CONTRACT ELEMENTS Read More »
 Explain Subrogation in an insurance contract. Subrogation in its most common form can be understood as substitution. In simper words it is the substitution of the insurer to the insured’s rights. The question is ‘why this substitution’. It is because the first party, the insurer made a payment to the second party, the insured and for