BSandy's Padlet by Brandon Sanders https://padlet.com/brandon_sanders/akkfy21txm40 Made with no regrets, whatsoever en-us 2016-10-27 15:10:20 UTC 2016-10-27 17:59:45 UTC hello@padlet.com Sole Proprietorship  brandon_sanders https://padlet.com/brandon_sanders/akkfy21txm40/wish/133658627 2016-10-27 15:24:05 UTC https://padlet.com/brandon_sanders/akkfy21txm40/wish/133658627 Definition: A business that legally has no seperate existance from its owner brandon_sanders https://padlet.com/brandon_sanders/akkfy21txm40/wish/133660414 2016-10-27 15:28:47 UTC https://padlet.com/brandon_sanders/akkfy21txm40/wish/133660414 Advantages: brandon_sanders https://padlet.com/brandon_sanders/akkfy21txm40/wish/133663067 -Formation
-Taxation
-Ownership
-Changing business structure
-Distribution of profits]]> 2016-10-27 15:34:58 UTC https://padlet.com/brandon_sanders/akkfy21txm40/wish/133663067 Disadvantages brandon_sanders https://padlet.com/brandon_sanders/akkfy21txm40/wish/133663269 -Liabilities
-The owner is directly responsible for any losses, debts, or violations coming from the business.]]> 2016-10-27 15:35:24 UTC https://padlet.com/brandon_sanders/akkfy21txm40/wish/133663269 Partnership brandon_sanders https://padlet.com/brandon_sanders/akkfy21txm40/wish/133668454 2016-10-27 15:47:13 UTC https://padlet.com/brandon_sanders/akkfy21txm40/wish/133668454 Definition: an arrangement in which two or more individuals share the profits and liabilities of a business venture brandon_sanders https://padlet.com/brandon_sanders/akkfy21txm40/wish/133670313 2016-10-27 15:51:24 UTC https://padlet.com/brandon_sanders/akkfy21txm40/wish/133670313 Advantages: brandon_sanders https://padlet.com/brandon_sanders/akkfy21txm40/wish/133672955 -With more than one owner, the ability to raise funds may be increased.
-The profits from the business flow directly through to the partners' personal tax returns]]> 2016-10-27 15:57:52 UTC https://padlet.com/brandon_sanders/akkfy21txm40/wish/133672955 Disadvantages: brandon_sanders https://padlet.com/brandon_sanders/akkfy21txm40/wish/133673025 -the liability of the partners for the debts of the business is unlimited
-each partner is 'jointly and severally' liable for the partnership's debts]]> 2016-10-27 15:58:04 UTC https://padlet.com/brandon_sanders/akkfy21txm40/wish/133673025 Advantages: brandon_sanders https://padlet.com/brandon_sanders/akkfy21txm40/wish/133673200 -Corporation may be able raise additional funds by selling shares in the corporation
- Shareholders only risk their equity in the corporation]]> 2016-10-27 15:58:28 UTC https://padlet.com/brandon_sanders/akkfy21txm40/wish/133673200 Disadvantages: brandon_sanders https://padlet.com/brandon_sanders/akkfy21txm40/wish/133673368 -Double taxation.
- Depending on the type of corporation, it may pay taxes on its income, after which shareholders pay taxes on any dividends received, so income can be taxed twice. 
-Excessive tax filings.]]> 2016-10-27 15:58:49 UTC https://padlet.com/brandon_sanders/akkfy21txm40/wish/133673368 Corporation brandon_sanders https://padlet.com/brandon_sanders/akkfy21txm40/wish/133673604 2016-10-27 15:59:24 UTC https://padlet.com/brandon_sanders/akkfy21txm40/wish/133673604 Definition:A corporation is a legal entity that is separate and distinct from its owners. brandon_sanders https://padlet.com/brandon_sanders/akkfy21txm40/wish/133674527 2016-10-27 16:01:51 UTC https://padlet.com/brandon_sanders/akkfy21txm40/wish/133674527 brandon_sanders https://padlet.com/brandon_sanders/akkfy21txm40/wish/133718965 2016-10-27 17:52:59 UTC https://padlet.com/brandon_sanders/akkfy21txm40/wish/133718965 brandon_sanders https://padlet.com/brandon_sanders/akkfy21txm40/wish/133719465 2016-10-27 17:54:03 UTC https://padlet.com/brandon_sanders/akkfy21txm40/wish/133719465 brandon_sanders https://padlet.com/brandon_sanders/akkfy21txm40/wish/133719921 2016-10-27 17:55:06 UTC https://padlet.com/brandon_sanders/akkfy21txm40/wish/133719921 brandon_sanders https://padlet.com/brandon_sanders/akkfy21txm40/wish/133720675 2016-10-27 17:56:46 UTC https://padlet.com/brandon_sanders/akkfy21txm40/wish/133720675 brandon_sanders https://padlet.com/brandon_sanders/akkfy21txm40/wish/133721300 2016-10-27 17:58:09 UTC https://padlet.com/brandon_sanders/akkfy21txm40/wish/133721300 brandon_sanders https://padlet.com/brandon_sanders/akkfy21txm40/wish/133721620 2016-10-27 17:58:56 UTC https://padlet.com/brandon_sanders/akkfy21txm40/wish/133721620