2016-12-08 00:00:00Partners and Related PartiesEnglishKeep your small business running smoothly and successfully by knowing your stakeholders and understanding their interests.https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2017/03/art-shop-stakeholders-pose-with-backdrop-and-easels.jpghttps://quickbooks.intuit.com/ca/resources/partners/what-is-a-stakeholder/What Is A Stakeholder?

What Is A Stakeholder?

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A stakeholder is a person or group with an interest in a company. Employees, stockholders, investors, lenders, suppliers and customers are all stakeholders, although they have varied interests that connect them to the business. Stakeholders become involved to share in and benefit from the business’s successes; in their supporting role, they may become decision makers.

Balancing differing stakeholder interests is an essential part of running a small business, because stakeholders can influence the business’s direction. Investors have an expectation of returns on investment, and they may want to have a say in matters of company management and decision making. Conflicts can arise when lenders expect the business to run a tight budget, but employee stakeholders expect fair compensation for their loyal service.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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