# data[].attributes.body
Easy and inexpensive to form

All profits to the owner

Direct control of the business

Less government regulation

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Difficulty raising capital

Unlimited liability

Possible limited managerial expertise

Heavy time commitment

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Very few requirements

Local licenses

Permits

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Freelancers: Plumber, Accountant, Tutor, Online services

Local retail shops: Bakery, Florist, Auto body shops

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Shared investment

More possible experience or skills

Different strengths between partners

Likely more time

# data[].attributes.body
Profit Sharing

Conflicts between partners

Difficulty exiting or dissolving

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Written agreement

Permits and Licenses

Register Name

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Construction

Firms

Restaurants

Real Estate

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Limited liability

Ease of transferring ownership

Tax deductions

Likely easier to raise capital

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Double taxation of profits

More government restrictions

Possibly less influence

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Articles of Incorporation, including: Name of corporation, Company’s goals, investments, etc.

Incorporation Fees

Board of directors

Many State and Federal regulations

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Manufacturing

Tech

Franchises

Banks