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What is an Accounts Receivable?Accounts receivable is a business term that refers to the debts and funds owed a company for products or services that have been provided to them.  They are shown on an accounting form as a form of assets and can even be bought and sold depending on the type of money owed and the contract that covers the transaction that lead to the acco..

What is a Shareholder?1. The term “shareholder” refers to any individual or institution that legally purchases equity in a publicly or privately held corporation. When they purchase equity, they receive a stock certificate, which denotes legal ownership in the public or private corporation. 2. A piece of stock represents partial ownership in the underlying corporation ..

An internet business can refer to a company or business that will conduct all of its transactions and offer its services and products through the internet. An internet business can sometimes be established as another method to expand a "conventional" business, or simply be solely a business available through the internet. Internet businesses are also commonly known as dot-com c..

Interstate CommerceThe Interstate Commerce Act was a Federally enacted law which prevented monopolies, such as the railroad companies, from overcharging businesses for the transportation of goods across state lines. The Act also required that those companies that transported goods across state lines post the rates according to distance and then charged accordingly.Interstate Co..

Many locations have a Chamber of Commerce which is utilized to help companies increase business opportunities, while fostering a good relationship between those companies and the community. There can be a Chamber in the local level, as well as the state level.There are also Chambers of Commerce which represent entire countries and those which represent several countries. The In..

A deposit is the action taken when a payee gives a check to a bank so that the bank will add the value of the check to the payee's account with that bank. The payee is giving the bank the money so that the payee may then draw it out of the bank at a later point.Sometimes the payee will deposit the money directly into a checking account so that it may be drawn from the account w..

What is Business Management?Business management is the act of organizing people to accomplish the desired goals and objectives of a business. Business management requires the utilization of the entity’s resources in the most efficient manner possible. Business management comprises organizing, planning, leading, staffing or controlling and directing a business effort for ..

A Small Business, as defined by the United States Small Business Association is “one that is independently owned and operated, is organized for profit and is not dominant in its field.”Size  standard eligibility is based on employee size for the previous 12 months or sales volume average over the previous 3 years.  In order to qualify for small business status you..

The Better Business Bureau (BBB) is a private organization that is unaffiliated with any governmental or federal body. Founded in 1912 and comprised of a network of business and corporate organizations, the Better Business Bureau provides for the substantiation of all registered businesses within the United States and Canada. Although the Better Business Bureau is res..

A bearer instrument is an instrument payable to the bearer. Bearer instruments are, in general, more dangerous than order instruments, which are those negotiable instruments which are made out as payable to a specific individual or party. If one loses a bearer instrument, then someone else who finds that instrument would be able to use it regardless of the fact that he or she w..

What is a Partnership? A partnership is an organization or entity in which two or more parties work together for a particular goal or simply for their own best interests. Business partnerships generally involve either individuals or corporations as partners. A business partnership will be controlled by the rules and statutes of the particular state in which it is formed.Partner..

A trustee can sit at the head of a trust, although a trustee can also administer an estate. The principles that govern the work of a trustee has also been used to refer to the heads of corporations.The position of public trustee developed in New Zealand before spreading throughout the world, especially in British Commonwealths. In probate law, a public trustee may be called upo..

In larger companies, a business development manager may take the primary responsibility for the role, although the business developer role may be divided between multiple individuals in order to accomplish the responsibilities.Small Business DevelopmentThe Office of Small Business Development Centers are a collaborative effort between the local, state, and Federal Government an..

Business Management Business management consulting involves a company hiring a business management consultant. While the business management consultant is performing their consulting work, they will try to help the company identify the problems confronting the company and identify methods which the company might be able to use in order to address these problems befo..

The process of incorporation is one in which a business or company can become a corporation, which allows it to be recognized under the law as if it were an actual person. A corporation can be a business or company, but also a non-profit organization, sports team or club, and even a city or town.Business Incorporation ServiceIn many cases, those seeking to incorporate their com..