Ownership's by Maarty Belmaggio https://padlet.com/04mbelmaggio/4jgeg2fy7n8v Maarty Belmaggio en-us 2019-03-11 12:00:51 UTC 2019-03-14 14:38:57 UTC hello@padlet.com Proprietorship - The state or right of owning a business or holding property Partnership- The state of being a partner or partners. Corporate- A company or group of people authorized to act as a single entity (legally a person) and recognized as such in law. Limited Liability Company- A corporate structure whereby the members of the company are not personally liable for the company's debts or liabilities. 04mbelmaggio https://padlet.com/04mbelmaggio/4jgeg2fy7n8v/wish/339896779 2019-03-11 12:02:30 UTC https://padlet.com/04mbelmaggio/4jgeg2fy7n8v/wish/339896779 Examples 04mbelmaggio https://padlet.com/04mbelmaggio/4jgeg2fy7n8v/wish/339898852  Proprietors- Offer Tutoring Services, Computer Repair Services
Partnership- Casper & West Elm, Uber & Spotify
Corporate-  Business owners,  individual taxation
limited liability company- Chrysler, Cox Enterprises]]> 2019-03-11 12:08:20 UTC https://padlet.com/04mbelmaggio/4jgeg2fy7n8v/wish/339898852 Proprietorship Positives & Negatives P -Easy setup or formation P -Tax advantages N - Debts and actions of the company. N - Creditors can come after your personal property and savings 04mbelmaggio https://padlet.com/04mbelmaggio/4jgeg2fy7n8v/wish/339902839 2019-03-11 12:18:26 UTC https://padlet.com/04mbelmaggio/4jgeg2fy7n8v/wish/339902839 partnership Positives & Negatives 04mbelmaggio https://padlet.com/04mbelmaggio/4jgeg2fy7n8v/wish/339904214 P -Do not have to pay income tax
P- Easy to establish.
N- the liability of the partners for the debts of the business is unlimited.
N- Each partner is also liable for the debts incurred by the actions of other partners]]> 2019-03-11 12:21:51 UTC https://padlet.com/04mbelmaggio/4jgeg2fy7n8v/wish/339904214 Limited Liability Company Positives & Negatives 04mbelmaggio https://padlet.com/04mbelmaggio/4jgeg2fy7n8v/wish/339906976 P- your company gets sued, your personal assets, like bank accounts and real estate, are protected
P-  tax flexibility
N- Compared to a sole proprietorship or partnership, an LLC is a little more expensive to operate.
N-Profits may be subject to self-employment taxes. Compared to limited partnerships]]> 2019-03-11 12:28:20 UTC https://padlet.com/04mbelmaggio/4jgeg2fy7n8v/wish/339906976 Corporate 04mbelmaggio https://padlet.com/04mbelmaggio/4jgeg2fy7n8v/wish/339910959  Positives & Negatives 

P- Are not liable for any debts incurred or judgments handed down against the corporation.
P- Liability limitations 
N-Double taxation
N-  Corporations may be able raise additional funds by selling shares in the corporation.]]> 2019-03-11 12:36:05 UTC https://padlet.com/04mbelmaggio/4jgeg2fy7n8v/wish/339910959