https://padlet.com/01jharrington/3n96dvg1v4ku Jakiyah Harrington en-us 2019-03-13 14:30:59 UTC 2019-03-14 14:05:41 UTC hello@padlet.com 01jharrington https://padlet.com/01jharrington/3n96dvg1v4ku/wish/340894476 Definition: is unincorporated business owned by one individual 
Positive: 1) you own 100% of the business.
2) Can manage their own schedule and hours  
Negative: 1) Being self employed often means having no employees 
2) There is no legal separation between you and the business 
Examples: 1) art studio 
2) a local grocery store]]> 2019-03-13 14:32:32 UTC https://padlet.com/01jharrington/3n96dvg1v4ku/wish/340894476 01jharrington https://padlet.com/01jharrington/3n96dvg1v4ku/wish/340901243 Definition: a business or a firm owned or run by two or more people
Positive: 1) Shared responsibilities 
2) shared cost of start-up
Negative: 1) shared profits
2) you don't have control over the business 
Examples: 1) Uber and Spotify
2) Apple and mastercord]]> 2019-03-13 14:43:53 UTC https://padlet.com/01jharrington/3n96dvg1v4ku/wish/340901243 01jharrington https://padlet.com/01jharrington/3n96dvg1v4ku/wish/340904375 Definition: a company or group of people authorized to act as a single entity 
Positive: 1) complete control 
2)you receive all business profits 
Negative: 1)personally liable for all business 
2) it takes a lot of money and time to establish 
Examples:1) Apple 
2) Amazon ]]> 2019-03-13 14:49:27 UTC https://padlet.com/01jharrington/3n96dvg1v4ku/wish/340904375 01jharrington https://padlet.com/01jharrington/3n96dvg1v4ku/wish/341327328 Definition: a corporate structure whereby the members of the company are not personally liable for the company's debts or liabilities
Positive: 1)Management flexibility
2)pass-through federal taxation on profits  
Negative:1)self-employment tax
2)consequence of member turnover 
Examples:1) Toys' R' Us
2)Dollar General ]]> 2019-03-14 13:54:32 UTC https://padlet.com/01jharrington/3n96dvg1v4ku/wish/341327328