Business

Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services).[need quotation to verify] Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors."

Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.

The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company. A company, on the other hand, is a separate legal entity and provides for limited liability, as well as corporate tax rates. A company structure is more complicated and expensive to set up, but offers more protection and benefits for the owner.

* Description and images provided by Wikipedia under CC-BY-SA 3.0 license .

Scholarships for Business Majors

Bullet name award deadline Link
 

Homecoming Scholars Award

BeyGOOD

$25,000 Varies See Details
 

Homecoming Scholars Award

BeyGOOD

award

$25,000

deadline

Varies
See Details
 

Brightest Minds MBA Scholarship Contest

The Economist Group

$25,000 Varies See Details
 

Brightest Minds MBA Scholarship Contest

The Economist Group

award

$25,000

deadline

Varies
See Details
 

Rath Foundation Academic Scholarship

University of Oklahoma, Michael F. Price College of Business

$20,000 February 01, 2021 See Details
 

Rath Foundation Academic Scholarship

University of Oklahoma, Michael F. Price College of Business

award

$20,000

deadline

February 01, 2021
See Details
 

Honors Scholarship - The College of New Rochelle

The College of New Rochelle

Up to $25,000 Varies See Details
 

Honors Scholarship - The College of New Rochelle

The College of New Rochelle

award

Up to $25,000

deadline

Varies
See Details
 

Dean's Scholarship - The College of New Rochelle

The College of New Rochelle

$14,000 Varies See Details
 

Dean's Scholarship - The College of New Rochelle

The College of New Rochelle

award

$14,000

deadline

Varies
See Details
 

President's Scholarship - Texas Wesleyan University

Texas Wesleyan University

Up to $12,000 Varies See Details
 

President's Scholarship - Texas Wesleyan University

Texas Wesleyan University

award

Up to $12,000

deadline

Varies
See Details
 

James A. and Carmen M. Schein Endowed Scholarship

New Mexico Highlands University

$10,923 February 15, 2021 See Details
 

James A. and Carmen M. Schein Endowed Scholarship

New Mexico Highlands University

award

$10,923

deadline

February 15, 2021
See Details
 

Mas Family Scholarship

Mas Family Scholarships

Up to $10,000 Varies See Details
 

Mas Family Scholarship

Mas Family Scholarships

award

Up to $10,000

deadline

Varies
See Details
 

Christine and Clarence Day Business Scholarship

University of Mississippi

$10,000 Varies See Details
 

Christine and Clarence Day Business Scholarship

University of Mississippi

award

$10,000

deadline

Varies
See Details
 

Business Scholars Program Scholarship

Asbury University

$10,000 Varies See Details
 

Business Scholars Program Scholarship

Asbury University

award

$10,000

deadline

Varies
See Details