https://padlet.com/02tsimmons/ccyif9c1o7w0 en-us 2019-03-11 17:27:46 UTC 2025-12-22 11:25:55 UTC hello@padlet.com 02tsimmons https://padlet.com/02tsimmons/ccyif9c1o7w0/wish/340081373 A enterprise that is owned and ran by one person.

Positives-
1) Control all of the money made by the business 
2) Minimal mount of restrictions and very few forms to fill out

Negatives-
1) Difficult to raise operating cash
2) Decision making power rests on one person 

Examples-
1) Single person art studio
2) Local grocery]]> 2019-03-11 17:31:28 UTC https://padlet.com/02tsimmons/ccyif9c1o7w0/wish/340081373 02tsimmons https://padlet.com/02tsimmons/ccyif9c1o7w0/wish/340082378 A business owned and ran by two or more people. 

Positives-
1) Less paperwork
2) Additional knowledge

Negatives-
1) Divided profits
2) Potential conflict

Examples- 
1) GoPro
2) Pottery Barn]]> 2019-03-11 17:33:23 UTC https://padlet.com/02tsimmons/ccyif9c1o7w0/wish/340082378 02tsimmons https://padlet.com/02tsimmons/ccyif9c1o7w0/wish/340082977 A company or group of people authorized to act as a single entity and recognized as such in law.

Positives-
1) Shareholder protection
2) Freedom of speech

Negatives- 
1) Time and cost
2) Two tax filing 

Examples-
1) National Park Corporation
2) United States Postal Service]]> 2019-03-11 17:34:27 UTC https://padlet.com/02tsimmons/ccyif9c1o7w0/wish/340082977 02tsimmons https://padlet.com/02tsimmons/ccyif9c1o7w0/wish/340083054 The US specific form of a private limited company.

Positives-
1) Tax options
2) Investors

Negatives-
1) Raising money
2) Less structure

Examples-
1) Apple
2) Burberry  ]]> 2019-03-11 17:34:35 UTC https://padlet.com/02tsimmons/ccyif9c1o7w0/wish/340083054