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1. Amazon
2. Walmart

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Positives and Negatives of Limited Liability Company

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Positives and Negatives of Limited Liability Company

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Positives: It combines the good aspects of partnership and corporation. Has limited liability.
Negatives: It's newer. The laws for these types of companies are still being developed.

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Business Padlet

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The most common type of organization that has one owner.

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1. A tutoring business
2. A local grocery store

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Positives and Negatives of Sole Proprietorship

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Positives and Negatives of Sole Proprietorship

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Positives: They are easy to form as well as operate. They are also more affordable.
Negatives: The owner and the business are inseparable. When a loss in the business occurs, the owner receives a deduction from their personal income.

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A business with two or more owners, the details of arrangement between these partners are outlined in a document known as a partnership agreement

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Positives and Negatives of a Partnership

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Positives and Negatives of a Partnership

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Positives: Fairly similar to sole proprietorship in this sense, they're easy to form. They're affordable.
Negatives: One partner can be held liable for the actions of another partner.
The partnership can get debt in the name of the business.

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1. Twitter
2. Mcdonald's

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Basically an "artificial person" which is operated and created under the approval of the state it is in.

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Positives: Lawsuits can be brought to the company instead of owners. Protects the owners by absorbing the liability if something goes wrong.
Negatives: Must have at least one stockholder, different states require more. It's technically not a real person

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1. ABC
2. 7-Eleven

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It is the newest form of business organization, it is a hybrid. It combines the good aspects of partnership and corporation.