LIMITED ENTREPRENEUR
An individual who partakes in a limited liability company but does not have an active role in administering the company. A limited entrepreneur need not to pay self-employment tax and is not accountable for any debts of the company. But LLC owners must be cautious in allocating not more than 35% of the its losses to limited entrepreneurs. Otherwise, it would be considered as a syndicate and be facing several tax treatment.
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Dynasty Trust
Long-term trusts made to pass wealth from one generation to another without paying transfer taxes including estate and gift taxes. The trust can su ...
C&I
Loan made to a business or company, not to an individual, which provides either working capital or finances key capital expenditures. Usually short ...
Hypermarket
Hypermarket is a combination of a department store and a grocery supermarket. A hypermarket offers various products like clothing, groceries, and a ...
Assets Under Management
The asset's market value which an investment company handles on behalf of investors. Assets Under Management (AUM) is perceived as a scale of s ...
Business Income Coverage Form
Insurance policy which covers a loss of income a firm incurs due to a slowdown or temporary suspension of its operations because if damage to its p ...
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