Business Owners by Greta Neumann https://padlet.com/10gneumann/a4noiq976jx9xpps en-us 2025-10-14 15:50:06 UTC 2025-10-15 15:47:37 UTC hello@padlet.com Sole Proprietorship 10gneumann https://padlet.com/10gneumann/a4noiq976jx9xpps/wish/3631983826 A Business owned by 1 person.


Advantages-

-Gets all profits.

-Info kept secret


-Disadvantages

-Time commitment

-No fringe benefits


-Nike

-Mcdonalds

]]> 2025-10-14 15:53:08 UTC https://padlet.com/10gneumann/a4noiq976jx9xpps/wish/3631983826 Partnership 10gneumann https://padlet.com/10gneumann/a4noiq976jx9xpps/wish/3631984539 A Business owned by 2 or more people.


Advantages-

-Shared losses

-Decreased competition


Disadvantages-

-Partner agreement

-Capital contributions


-Master Card

-At&t


]]> 2025-10-14 15:53:34 UTC https://padlet.com/10gneumann/a4noiq976jx9xpps/wish/3631984539 Corporation 10gneumann https://padlet.com/10gneumann/a4noiq976jx9xpps/wish/3631985818 A Business that exists independently of its Owners.


Advantages-

-Shareholders

-Lower tax rate


Disadvantages-

-Annual reports

-Government involvement


-Fed Ex

-Google

]]> 2025-10-14 15:54:18 UTC https://padlet.com/10gneumann/a4noiq976jx9xpps/wish/3631985818 Franchise 10gneumann https://padlet.com/10gneumann/a4noiq976jx9xpps/wish/3634027410 Franchising is a business practice where a company licenses its business model to another company.


Advantages-

-Brand recognition

-Support from an established company


Disadvantages-

-High initial ongoing costs

-strict operation


-Sonic

-Chipotle



]]> 2025-10-15 15:43:48 UTC https://padlet.com/10gneumann/a4noiq976jx9xpps/wish/3634027410