<?xml version="1.0"?>
<rss version="2.0">
   <channel>
      <title>Business Ownership Padlet by Jaden Zwijacz</title>
      <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z</link>
      <description>Marx&#39;s Padlet, very cool</description>
      <language>en-us</language>
      <pubDate>2022-02-09 18:34:22 UTC</pubDate>
      <lastBuildDate>2025-11-03 02:21:22 UTC</lastBuildDate>
      <webMaster>hello@padlet.com</webMaster>
      <image>
         <url></url>
      </image>
      <item>
         <title>Definition</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038631175</link>
         <description><![CDATA[<div>A Sole Proprietorship is a business owned by one individual. This one individual is also the only employee of the business.</div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 18:42:14 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038631175</guid>
      </item>
      <item>
         <title>Pros:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038634034</link>
         <description><![CDATA[<div>1.No corporate taxes <br>2.Easy to set up, low cost</div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 18:43:29 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038634034</guid>
      </item>
      <item>
         <title>Cons:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038635582</link>
         <description><![CDATA[<div>1.Unlimited liability <br>2.Difficult to raise money</div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 18:44:06 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038635582</guid>
      </item>
      <item>
         <title>Examples:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038639122</link>
         <description><![CDATA[<div>1.Local grocery store <br>2.IT consultant </div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 18:45:35 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038639122</guid>
      </item>
      <item>
         <title>Picture:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038643694</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://padlet-uploads.storage.googleapis.com/1152584712/63530011e18feea50277acb98bd9c637/SOLE_PROPRIETORSHIP_1.jpg" />
         <pubDate>2022-02-09 18:47:33 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038643694</guid>
      </item>
      <item>
         <title>Definition:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038650592</link>
         <description><![CDATA[<div>A partnership is a business started by two or more people who have an equal say in what the business does.</div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 18:50:29 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038650592</guid>
      </item>
      <item>
         <title>Pros:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038652180</link>
         <description><![CDATA[<div>1.Extra set of hands<br>2.Less paperwork</div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 18:51:08 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038652180</guid>
      </item>
      <item>
         <title>Cons:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038653234</link>
         <description><![CDATA[<div>1.You have to split profits<br>2.You'll have disagreements </div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 18:51:36 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038653234</guid>
      </item>
      <item>
         <title>Examples:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038655526</link>
         <description><![CDATA[<div>1.Ben &amp; Jerry's <br>2.Warner Brothers</div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 18:52:38 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038655526</guid>
      </item>
      <item>
         <title>Picture:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038657029</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://padlet-uploads.storage.googleapis.com/1152584712/61656c28b9dc63e79949831efdd8c093/Partnership_Example.jpg" />
         <pubDate>2022-02-09 18:53:18 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038657029</guid>
      </item>
      <item>
         <title>Definition:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038661050</link>
         <description><![CDATA[<div>A legal entity that exists from it's owners. In many ways, they can act like people. They can take out loans,sue and get sued,own assets, pay taxs,etc. </div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 18:55:07 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038661050</guid>
      </item>
      <item>
         <title>Pros:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038662919</link>
         <description><![CDATA[<div>1.Well established<br>2.Clearly defined roles</div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 18:56:00 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038662919</guid>
      </item>
      <item>
         <title>Cons:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038663951</link>
         <description><![CDATA[<div>1.Double taxation<br>2.Independent management </div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 18:56:28 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038663951</guid>
      </item>
      <item>
         <title>Examples:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038664764</link>
         <description><![CDATA[<div>1.Amazon<br>2.Google</div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 18:56:48 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038664764</guid>
      </item>
      <item>
         <title>Picture:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038666436</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://padlet-uploads.storage.googleapis.com/1152584712/67670222df3608be6e020b07301570f9/50_EXAMPLES_OF_CORPORATIONS_THAT_FAILED_TO_INNOVATE_.png" />
         <pubDate>2022-02-09 18:57:36 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038666436</guid>
      </item>
      <item>
         <title>Definition:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038669424</link>
         <description><![CDATA[<div>It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.</div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 18:58:52 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038669424</guid>
      </item>
      <item>
         <title>Pros:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038671504</link>
         <description><![CDATA[<div>1.Limited Liability <br>2.Flexibility of income </div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 18:59:50 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038671504</guid>
      </item>
      <item>
         <title>Cons:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038673001</link>
         <description><![CDATA[<div>1.They cost more<br>2.Difficult to raise capital</div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 19:00:34 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038673001</guid>
      </item>
      <item>
         <title>Examples:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038673843</link>
         <description><![CDATA[<div>1.Pepsi<br>2.Sony</div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 19:00:57 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038673843</guid>
      </item>
      <item>
         <title>Picture:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038677122</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://padlet-uploads.storage.googleapis.com/1152584712/30204c6f1c169b0de45ce16caf72d3f1/About_Brock___Brock_Capital_792005.png" />
         <pubDate>2022-02-09 19:02:28 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038677122</guid>
      </item>
      <item>
         <title>Definition:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038680162</link>
         <description><![CDATA[<div>A business in which the owner owns everything from marketing to branding to knowledge. </div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 19:03:54 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038680162</guid>
      </item>
      <item>
         <title>Pros:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038682268</link>
         <description><![CDATA[<div>1.Access to better talent<br>2.Minimal growth risk</div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 19:04:54 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038682268</guid>
      </item>
      <item>
         <title>Cons:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038683988</link>
         <description><![CDATA[<div>1.Less control over managers<br>2.Initial cost </div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 19:05:34 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038683988</guid>
      </item>
      <item>
         <title>Examples:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038684990</link>
         <description><![CDATA[<div>1.Pizza hut<br>2.McDonald's </div>]]></description>
         <enclosure url="" />
         <pubDate>2022-02-09 19:06:01 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038684990</guid>
      </item>
      <item>
         <title>Picture:</title>
         <author>06jzwijacz</author>
         <link>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038686171</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://padlet-uploads.storage.googleapis.com/1152584712/ba3f36dc8a5f2bbea8b721c4c719e5d3/download__44_.jpeg" />
         <pubDate>2022-02-09 19:06:34 UTC</pubDate>
         <guid>https://padlet.com/06jzwijacz/55ww936fm8rgh23z/wish/2038686171</guid>
      </item>
   </channel>
</rss>
