Types of Business Organizations by victoria manzyuk https://padlet.com/victoria_manzyuk/fcryz71t6opm BY: Victoria Manzyuk & Elise Yatskiv en-us 2016-10-26 15:08:31 UTC 2025-11-12 12:38:43 UTC hello@padlet.com Proprietorship victoria_manzyuk https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133357944 2016-10-26 15:18:51 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133357944 Partnership victoria_manzyuk https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133358108 2016-10-26 15:19:17 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133358108 Corporation victoria_manzyuk https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133358308 2016-10-26 15:19:47 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133358308 Types of Business Organizations victoria_manzyuk https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133359144 2016-10-26 15:21:46 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133359144 elise_yatskiv https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133360061 2016-10-26 15:23:47 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133360061 victoria_manzyuk https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133360414 2016-10-26 15:24:34 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133360414 victoria_manzyuk https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133361225 2016-10-26 15:26:17 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133361225 victoria_manzyuk https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133363688 Simple: most flexible business structure
Total Control: full decision-making power over policies, profits and capital investment
Easy to Manipulate: change direction of business without interference; can close down business easily]]> 2016-10-26 15:31:36 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133363688 victoria_manzyuk https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133365407 Trust: key element in decision making
Shared Business: both have an equal right in the management of the business
Two Brains are Better than One: wider knowledge and skills, and have more improved management skills]]> 2016-10-26 15:35:16 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133365407 elise_yatskiv https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133366187 Limited Liability: stockholders are not liable for its debts or acts
Transferability of Ownership: selling & buying of shares
Centralized Management: Shareholders do not manage the day-to-day operations of the corporation, appointed mangers do
]]> 2016-10-26 15:36:55 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133366187 Advantages elise_yatskiv https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133374252 -Receive all profits.
-Owner is free to make all decisions on the basis of the business
-Easier to start up and no filing fees, so cheaper.]]> 2016-10-26 15:53:46 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133374252 Disadvantages elise_yatskiv https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133374514 personally liable for all debts and actions of the company.
-Business growth depends on the owner's personal funds.
-business dies with the owner, unless given to next heir.]]> 2016-10-26 15:54:16 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133374514 Advantages elise_yatskiv https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133378437 -With many investors it makes it easier to get the business up and running.
-Shareholders are not personally liable for the debts of the corp.
-may deduct the cost of benefits it provides to employees and officers.

]]> 2016-10-26 16:02:30 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133378437 Disadvantages elise_yatskiv https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133652700 -unequal # of partners can result in conflict in 
-each partner is 'jointly and severally' liable for the partnership's debts
-if partners leave, value from all the partnership assets will be gone too]]> 2016-10-27 15:11:05 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133652700 Advantages elise_yatskiv https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133654014 -business is easy to establish and start-up costs are low
-opportunity for income splitting results in tax savings
-greater borrowing capacity]]> 2016-10-27 15:13:42 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133654014 Disadvantages victoria_manzyuk https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133654855 -requires more time and money than forming other business structures.
-Governmental agencies monitor corporations, which may result in more paperwork.
-Corporate profits may be subject to higher overall taxes since the government taxes profits at the corporate level ]]> 2016-10-27 15:15:21 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133654855 victoria_manzyuk https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133659680 Gorbenko Catering]]> 2016-10-27 15:26:51 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133659680 elise_yatskiv https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133660169 Tools4Wisdom]]> 2016-10-27 15:28:07 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133660169 victoria_manzyuk https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133660636 Gorbenko Catering (its in russian sorry)]]> 2016-10-27 15:29:22 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133660636 elise_yatskiv https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133661072 2016-10-27 15:30:22 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133661072 victoria_manzyuk https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133661337 Dorritos]]> 2016-10-27 15:30:59 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133661337 elise_yatskiv https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133661630 2016-10-27 15:31:41 UTC https://padlet.com/victoria_manzyuk/fcryz71t6opm/wish/133661630