Business News
Professions that require particular licenses include law, medicine, piloting plane, promoting liquor, radio broadcasting, selling funding securities, selling used automobiles, and roofing. Local jurisdictions may also require special licenses and taxes just to operate a business. A company, however, is a separate legal entity and supplies for limited legal responsibility, as well as company tax charges. A company structure is extra difficult and costly to arrange, but presents more protection and advantages for the owner. Entertainment companies and mass media businesses generate earnings primarily from the sale of mental property. They make their income by promoting items and companies that are sports associated. Retailers, wholesalers, and distributors act as middlemen and get goods produced by manufacturers to the supposed consumers; they make their earnings by marking up their costs. Transportation companies such as railways, airways, and delivery firms deliver goods and people ...