# data[].attributes.body
Define- a company or group of people authorized to act as a single entity & recognize the law of the company and flaws

List 2 advantages and disadvantages
Advantages
Right to enter contract
Owner is protected  for being sued
Able to sell stocks

Disadvantages
A lot higher taxes
Harder to start
More government regulation

What percent of all businesses are formed
13 percent of all businesses were S corporations

Profits
Right to enter contract
Owner is protected  for being sued
Able to sell stocks

3 real world examples for each FORM of ownership
Walamrt
Sugar creek
YUSA

Whats the cost
5000+

# data[].attributes.body
Sole Proprietorship

Define- a businesses only ran by one person

List 2 advantages and disadvantages
Advantages

Not hard to start

Only taxed once
Not sharing profits

Disadvantages:

unlimited liability

Difficult to sell
No one to share the expense a lot of work

What percent of all businesses are formed
70 percent are sole proprietorship

Profits
Not hard to start

Only taxed once
Not sharing profits

Three real world examples for each FORM of ownership
Upthegrove law
Pour Boys
Atakisians bakery

Whats the cost
5000+

# data[].attributes.body
Partnership

Define- when two people own a businesses

What is the Partnership Agreement? An agreement between the all the owners

Example: who gets what ...

List 2 advantages and disadvantages

Avantages

Two or more orders

More capital available
Some to share the debts

Disadvatages

Difficult to transfer ownership

Unlimited liability

What percent of all businesses are formed

17 percent were partnerships

Profits
Two or more orders

More capital available
Some to share the debts

3 real world examples for each FORM of ownership
Street side
Old school barber shop
super sport barber shop

Whats the cost
5000+