4# Mind Map Kinds of Businesses by Mariam D https://padlet.com/d379135_/27cj64glcuqbneh8 en-us 2023-10-15 20:20:51 UTC 2023-10-15 20:45:00 UTC hello@padlet.com Sole Traders d379135_ https://padlet.com/d379135_/27cj64glcuqbneh8/wish/2747054298 - Profit
- Unincorporated
- Advantages: few legal formalities & being your own boss
- Disadvantages: high risk & unlimited liability
- Halal truck]]> 2023-10-15 20:29:19 UTC https://padlet.com/d379135_/27cj64glcuqbneh8/wish/2747054298 Partnerships d379135_ https://padlet.com/d379135_/27cj64glcuqbneh8/wish/2747056917 - for profit
- incorporated
- Advantages: Financial strength & financial privacy
- Disadvantages: Unlimited liability & lack of harmony
- Physician groups]]> 2023-10-15 20:33:35 UTC https://padlet.com/d379135_/27cj64glcuqbneh8/wish/2747056917 Privacy Held Companies d379135_ https://padlet.com/d379135_/27cj64glcuqbneh8/wish/2747061066 - For profit
- Incorporated 
- Advantages: Raising finances & limited liability
- Disadvantages: Compliance costs & bureaucracy
- Koch Industries]]> 2023-10-15 20:40:38 UTC https://padlet.com/d379135_/27cj64glcuqbneh8/wish/2747061066 Publicly Held Companies d379135_ https://padlet.com/d379135_/27cj64glcuqbneh8/wish/2747063335 - For Profit
- incorporated
- Advantages: raising finances & Economics of Scale
- Disadvantages: Loss of control & Communication problems
- Apple]]> 2023-10-15 20:45:00 UTC https://padlet.com/d379135_/27cj64glcuqbneh8/wish/2747063335