my cool wall by Anthony Argueta https://padlet.com/04aargueta/alirgqogs46g Anthony Argueta en-us 2018-10-01 15:11:21 UTC 2018-10-01 16:37:37 UTC hello@padlet.com sole proprietorship 04aargueta https://padlet.com/04aargueta/alirgqogs46g/wish/287667980 sole proprietorship is the simplest business form under which one can operate a business. one positive about sole proprietorship  is it has one business owner. Personal liability of owner: Proprietor has unlimited personal liability for the obligations of the business another positive Tax treatment: Business entity is not taxed, as the profits and losses are passed through to the sole proprietor the biggest of which being that the owner is personally liable for all business losses and liabilities.another one It is difficult to find outside investors to fund sole proprietorship, meaning growth potential is very limited beyond a certain point.
 my dad is a mechanical engineer and has a small team of employees another example can be a catering company offer their services for parties, weddings, church functions and business events. In most cases, a sole proprietor operating a catering company needs to hire employees. 
]]> 2018-10-01 15:14:52 UTC https://padlet.com/04aargueta/alirgqogs46g/wish/287667980 partnership 04aargueta https://padlet.com/04aargueta/alirgqogs46g/wish/287682475 A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests. advantages Easy to establish and Improved management with more than one owner disadvantages are partnerships can potentially be unstable because of the danger of dissolution if one partner wants to withdrawal from the business or dies another one A partner cannot transfer interest in the business without the unanimous consent of the partners. examples are two businesses working together another one can be marriage.]]> 2018-10-01 15:34:49 UTC https://padlet.com/04aargueta/alirgqogs46g/wish/287682475 corporation 04aargueta https://padlet.com/04aargueta/alirgqogs46g/wish/287717804 A corporation is a company or group of people or an organization authorized to act as a single entity and recognized as such in law. advantages:coporations may be able raise additional funds by selling shares in the corporation another one is Corporations may deduct the cost of benefits it provides to employees and officers. 2 examples of corporation C corporations S corporations.]]> 2018-10-01 16:23:41 UTC https://padlet.com/04aargueta/alirgqogs46g/wish/287717804 Limited Liability Company 04aargueta https://padlet.com/04aargueta/alirgqogs46g/wish/287722034 Is  A limited liability company is the United States of America-specific form of a private limited company. advantages No restrictions on the number of members allowed and Members have flexibility in structuring the company management disadvantages More expensive to form than sole proprietorships and general partnership,Ownership is typically harder to transfer than with a corporationAnheuser-Busch, Blockbuster and Westinghouse are all organized as LLc.]]> 2018-10-01 16:30:32 UTC https://padlet.com/04aargueta/alirgqogs46g/wish/287722034