https://padlet.com/04pmin/b7lw0h5spp8ar681 en-us 2020-10-06 03:14:27 UTC 2025-04-07 08:57:42 UTC hello@padlet.com 04pmin https://padlet.com/04pmin/b7lw0h5spp8ar681/wish/805416254 Type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity.

Pros:
- Easy Setup and Low Cost
- No Corporate Business Taxes

Cons:
- Unlimited liability
- Inability to take on business debt

Examples:
- E-bay
- J.C. Penney]]> 2020-10-06 03:16:29 UTC https://padlet.com/04pmin/b7lw0h5spp8ar681/wish/805416254 04pmin https://padlet.com/04pmin/b7lw0h5spp8ar681/wish/805418611 A formal arrangement by two or more parties to manage and operate a business and share its profits.

Pros:
- Extra set of of hands
- Reduced financial burden

Cons:
- Less independence
- Divided profits

Examples:
- Hewlett Packard
- Ben and Jerry's]]> 2020-10-06 03:18:02 UTC https://padlet.com/04pmin/b7lw0h5spp8ar681/wish/805418611 04pmin https://padlet.com/04pmin/b7lw0h5spp8ar681/wish/805420213 A legal entity that's separate from its owners, and has the ability to make profit, be taxed, and be held legally liable.

Pros:
- Great economic benefits to members
- Less taxation

Cons
- Less capital incentives
- Interrelated investment disadvantages

Examples:
- Apple 
- Hilton]]> 2020-10-06 03:19:05 UTC https://padlet.com/04pmin/b7lw0h5spp8ar681/wish/805420213 04pmin https://padlet.com/04pmin/b7lw0h5spp8ar681/wish/805423671 The US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Pros:
- Limited liability
- Pass-through Federal taxation on profits

Cons:
- Self-employment tax
- Consequence of member turnover

Examples:
- Blockbuster 
- Sony

]]> 2020-10-06 03:21:18 UTC https://padlet.com/04pmin/b7lw0h5spp8ar681/wish/805423671 04pmin https://padlet.com/04pmin/b7lw0h5spp8ar681/wish/805454881 2020-10-06 03:41:26 UTC https://padlet.com/04pmin/b7lw0h5spp8ar681/wish/805454881 04pmin https://padlet.com/04pmin/b7lw0h5spp8ar681/wish/805456113 2020-10-06 03:42:23 UTC https://padlet.com/04pmin/b7lw0h5spp8ar681/wish/805456113