https://padlet.com/01dheurich/afdks4l05tpu By Delaney Heurich en-us 2018-10-01 17:06:55 UTC 2026-02-01 16:22:35 UTC hello@padlet.com 01dheurich https://padlet.com/01dheurich/afdks4l05tpu/wish/287747257 Definition: "a person who has the exclusive right or title to something; as of real property."
https://www.dictionary.com/browse/proprietorship
Someone who owns a business all to themselves.
2 Positives:
-Fewer legal formalities
-More management flexibility
2 Negatives:
-More difficult to obtain financing
-An uncertain business life
https://www.cleverism.com/the-pros-and-cons-of-sole-proprietorship/
2 Examples:
-Annie's Homegrown (started as Ann Withey)
-eBay (started as Pierre Omidyar)
http://www.gaebler.com/Successful-Entrepreneurs-Who-Started-Out-As-Sole-Proprietors.htm]]> 2018-10-01 17:09:34 UTC https://padlet.com/01dheurich/afdks4l05tpu/wish/287747257 01dheurich https://padlet.com/01dheurich/afdks4l05tpu/wish/287755326 Definition: "a legal relation between two or more persons contractually associated as joint principals in a business"
https://www.merriam-webster.com/dictionary/partnership
2 Positives:
-Shared responsibilities
-Complimentary skills
2 negatives:
-Shared profits means less per person
-Can be held liable for the business actions of your partner
https://www.businessknowhow.com/startup/partnership.htm
2 Examples:
-Ben and Jerry's (started as Ben Cohen and Jerry Greenfield)
-Apple Inc. (started as Steve Jobs and Wozniak)
https://www.businessinsider.com/10-super-successful-cofounders-and-why-their-partnerships-worked-2011-6]]> 2018-10-01 17:21:32 UTC https://padlet.com/01dheurich/afdks4l05tpu/wish/287755326 01dheurich https://padlet.com/01dheurich/afdks4l05tpu/wish/287763120 Definition: "an association of employers and employees in a basic industry or of members of a profession organized as an organ of political representation in a cooperative state"
https://www.merriam-webster.com/dictionary/corporation
2 Positives:
-Attracts investors
-Provides more organization
2 Negatives:
-More complicated
-Many state, federal, and local entities impose heavy regulations on corporations
https://www.upcounsel.com/corporation-pros-and-cons
2 Examples:
-7-Eleven
-Nike
https://www.sourcewatch.org/index.php/List_of_corporations]]> 2018-10-01 17:32:52 UTC https://padlet.com/01dheurich/afdks4l05tpu/wish/287763120 01dheurich https://padlet.com/01dheurich/afdks4l05tpu/wish/287768625 Definition: "a form of business organization with the liability-shield advantages of a corporation and the flexibility and tax-pass through advantages of a partnership."
https://www.entrepreneur.com/encyclopedia/limited-liability-company
2 Positives:
-Limited liability
-Management flexibility
2 Negatives:
-"if a member leaves the company, goes bankrupt or dies, the LLC must be dissolved...remaining members are responsible for...remaining legal and financial obligations necessary to terminate the business."
-Self-employment tax
https://www.nerdwallet.com/blog/small-business/starting-successful-llc/
2 Examples:
-Kaiser
-Bechtel
http://archive.fortune.com/galleries/2008/fortune/0805/gallery.private_companies.fortune/4.html]]> 2018-10-01 17:40:26 UTC https://padlet.com/01dheurich/afdks4l05tpu/wish/287768625 01dheurich https://padlet.com/01dheurich/afdks4l05tpu/wish/287777626 2018-10-01 17:53:35 UTC https://padlet.com/01dheurich/afdks4l05tpu/wish/287777626 01dheurich https://padlet.com/01dheurich/afdks4l05tpu/wish/287779157 2018-10-01 17:55:33 UTC https://padlet.com/01dheurich/afdks4l05tpu/wish/287779157 01dheurich https://padlet.com/01dheurich/afdks4l05tpu/wish/287780415 2018-10-01 17:57:32 UTC https://padlet.com/01dheurich/afdks4l05tpu/wish/287780415 01dheurich https://padlet.com/01dheurich/afdks4l05tpu/wish/287782884 2018-10-01 18:01:36 UTC https://padlet.com/01dheurich/afdks4l05tpu/wish/287782884