Forms of Business Ownership by Landon Stadelhofer https://padlet.com/landonstad/5x37101gqbbvwcpi Decision Board en-us 2025-04-10 04:06:08 UTC 2025-04-10 05:19:19 UTC hello@padlet.com https://padlet.net/icons/8.0/png/1f3eb.png Pros landonstad https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403786319

  • Easy and inexpensive to form

  • All profits to the owner

  • Direct control of the business

  • Less government regulation

    • ]]>     2025-04-10 04:06:27 UTC https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403786319     Cons landonstad https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403801649

  • Difficulty raising capital

  • Unlimited liability

  • Possible limited managerial expertise

  • Heavy time commitment

    • ]]>     2025-04-10 04:19:51 UTC https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403801649     Legal Requirements landonstad https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403822084

  • Very few requirements

  • Local licenses

  • Permits

    • ]]>     2025-04-10 04:34:26 UTC https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403822084     Suitable Business Examples landonstad https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403828533

  • Freelancers: Plumber, Accountant, Tutor, Online services

  • Local retail shops: Bakery, Florist, Auto body shops


    • ]]>     2025-04-10 04:38:37 UTC https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403828533     Pros landonstad https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403841124

  • Shared investment

  • More possible experience or skills

  • Different strengths between partners

  • Likely more time

    • ]]>     2025-04-10 04:47:00 UTC https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403841124     Cons landonstad https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403842692

  • Profit Sharing

  • Conflicts between partners

  • Difficulty exiting or dissolving

    • ]]>     2025-04-10 04:48:03 UTC https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403842692     Legal Requirements landonstad https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403849788

  • Written agreement

  • Permits and Licenses

  • Register Name

    • ]]>     2025-04-10 04:52:14 UTC https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403849788     Suitable Business Examples landonstad https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403860483

  • Construction

  • Firms

  • Restaurants

  • Real Estate

    • ]]>     2025-04-10 04:58:03 UTC https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403860483     Pros landonstad https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403872034

  • Limited liability

  • Ease of transferring ownership

  • Tax deductions

  • Likely easier to raise capital

    • ]]>     2025-04-10 05:04:16 UTC https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403872034     Cons landonstad https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403881443

  • Double taxation of profits

  • More government restrictions

  • Possibly less influence

    • ]]>     2025-04-10 05:09:01 UTC https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403881443     Legal Requirements landonstad https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403884539

  • Articles of Incorporation, including: Name of corporation, Company’s goals, investments, etc.

  • Incorporation Fees

  • Board of directors

  • Many State and Federal regulations

    • ]]>     2025-04-10 05:10:39 UTC https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403884539     Suitable Business Examples landonstad https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403886088

  • Manufacturing

  • Tech

  • Franchises

  • Banks

    • ]]>     2025-04-10 05:11:26 UTC https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403886088     landonstad https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403888238 2025-04-10 05:12:38 UTC https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403888238 landonstad https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403893409 2025-04-10 05:15:25 UTC https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403893409 landonstad https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403895324 2025-04-10 05:16:31 UTC https://padlet.com/landonstad/5x37101gqbbvwcpi/wish/3403895324