https://padlet.com/03atjio/6kggqzyydfh8 Angelina Tjio en-us 2018-10-01 15:04:01 UTC 2025-11-23 04:23:42 UTC hello@padlet.com 03atjio https://padlet.com/03atjio/6kggqzyydfh8/wish/287662690 An unincorporated business owned by one individual 

Positives:
You can control everything yourself
Don't have to rely on others

Negatives: 
Hard work
More money 

Examples: 
Art studio 
local grocery store ]]> 2018-10-01 15:07:51 UTC https://padlet.com/03atjio/6kggqzyydfh8/wish/287662690 03atjio https://padlet.com/03atjio/6kggqzyydfh8/wish/287670081 Two people manage the business

Positives:
Less money to put in
Less work

Negatives:
Relying on someone else
Could back out 

Examples:
Warner Bros 
FBE

]]> 2018-10-01 15:17:21 UTC https://padlet.com/03atjio/6kggqzyydfh8/wish/287670081 03atjio https://padlet.com/03atjio/6kggqzyydfh8/wish/287674120 A form of business operation that declares the business as a separate

Positives: 
Personal assets are protected 
Limited liability 

Negatives:
Double taxation
A lot of tax fillings 

Examples:
7-eleven
ABC

]]> 2018-10-01 15:22:32 UTC https://padlet.com/03atjio/6kggqzyydfh8/wish/287674120 03atjio https://padlet.com/03atjio/6kggqzyydfh8/wish/287678601 A corporate structure whereby the members of the company are not personally liable for the company's debts or liability 

Positives:
Less chance of losing money 
Tax flexibility 

Negatives:
Self-employment taxes 
Confusion about roles 

Examples: 
Rental property
Blockbuster ]]> 2018-10-01 15:28:53 UTC https://padlet.com/03atjio/6kggqzyydfh8/wish/287678601