https://padlet.com/07kbroadwater/8hfiozy6yty2rndi en-us 2022-02-09 18:34:08 UTC 2022-02-14 19:11:41 UTC hello@padlet.com https://padlet.net/icons/png/1f4b0.png 07kbroadwater https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038628192 Sole Proprietorship is an unincorporated business owned and run by one individual with no distinction between the business and you, the owner.]]> 2022-02-09 18:40:52 UTC https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038628192 07kbroadwater https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038629286 A partnership is the process between two or more people to do trade or business. Each person shares profits and losses and contributes the same amount.]]> 2022-02-09 18:41:23 UTC https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038629286 07kbroadwater https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038641373 A corporation is a legal entity that is separate and distinct from its owners. They can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes.]]> 2022-02-09 18:46:32 UTC https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038641373 07kbroadwater https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038650191 A Limited Liability Company is a business structure allowed by state statue. ]]> 2022-02-09 18:50:19 UTC https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038650191 07kbroadwater https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038655282 A franchise is a method of distributing products or services involving a franchiser, who establishes the brand and a franchisee, who pays a right to run the business.]]> 2022-02-09 18:52:31 UTC https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038655282 07kbroadwater https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038662611 Positive:
-Easy to establish
-Have complete control

Negatives:
-No liability protection
-On your own]]> 2022-02-09 18:55:51 UTC https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038662611 07kbroadwater https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038666647 Positive:
-More cash than sole proprietorship
-Moral/Work support

Negative:
-Loss of autonomy
-Lack of stability]]> 2022-02-09 18:57:40 UTC https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038666647 07kbroadwater https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038673637 Positive:
-Personal liability protection 
-Easier access to capital

Negative:
-Tax liability
-Heavy regulation]]> 2022-02-09 19:00:51 UTC https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038673637 07kbroadwater https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038682854 Positive:
-Pass through taxation
-No restriction on members

Negative:
-Costs a lot to form and maintain
-Transferable ownership is difficult]]> 2022-02-09 19:05:08 UTC https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038682854 07kbroadwater https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038691710 Positive:
-Lower failure rate
-Buying Power

Negative:
-Dependent on franchiser success
-Limited creativity/flexibility]]> 2022-02-09 19:09:10 UTC https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038691710 07kbroadwater https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038693427 1. Local grocery store

2. Artist]]> 2022-02-09 19:10:00 UTC https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038693427 07kbroadwater https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038695550 1. Red bull & GoPro

2. Dr. Pepper & Bonne Belle]]> 2022-02-09 19:11:05 UTC https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038695550 07kbroadwater https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038697836 1. Subway

2. McDonalds]]> 2022-02-09 19:12:20 UTC https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2038697836 07kbroadwater https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2047017345 1. Google

2. Target]]> 2022-02-14 19:07:48 UTC https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2047017345 07kbroadwater https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2047017500 1. Sony

2. Nike]]> 2022-02-14 19:07:53 UTC https://padlet.com/07kbroadwater/8hfiozy6yty2rndi/wish/2047017500