Business Ownerships by Clara Gonzalez https://padlet.com/claragonz645/fhielln88jmic4qb Clara Gonzalez en-us 2021-05-18 03:34:51 UTC 2025-03-21 23:59:58 UTC hello@padlet.com Sole proprietorship claragonz645 https://padlet.com/claragonz645/fhielln88jmic4qb/wish/1534028720 WHAT IS IT?
A type of enterprise owned and run by one person and in which there is no legal distinction between the owner and the business entity. 
POSITIVES 
-you get all the profits 
-youre your own boss
NEGATIVES 
-bank can take your assets
-the buisness relies on you and it's hard work
EXAMPLES
 a local grocery store near me(hillcrest hispanic market) , a local clothes store, an artist freelancing ]]> 2021-05-18 03:39:03 UTC https://padlet.com/claragonz645/fhielln88jmic4qb/wish/1534028720 Partnership claragonz645 https://padlet.com/claragonz645/fhielln88jmic4qb/wish/1534029316 WHAT IS IT?
A partnership is an arrangement as business partners agree to cooperate to advance their mutual interests
POSITIVES
-sharing all profits
- Easy to get started
NEGATIVES 
-sharing all risks 
-Unlimited liability
EXAMPLES 
redbull, gopro]]> 2021-05-18 03:39:22 UTC https://padlet.com/claragonz645/fhielln88jmic4qb/wish/1534029316 Corporation claragonz645 https://padlet.com/claragonz645/fhielln88jmic4qb/wish/1534029706 WHAT IS IT?
A corporation is a legal entity that's separate from its owners, there is 4 different types.
POSITIVES 
-ability to raise money by selling shares 
-advantages when recruiting employees 
NEGATIVES 
-complex paperwork
-it costs to form a corporation
EXAMPLES 
apple, walmart, microsoft ]]> 2021-05-18 03:39:34 UTC https://padlet.com/claragonz645/fhielln88jmic4qb/wish/1534029706 Limited Liability Company claragonz645 https://padlet.com/claragonz645/fhielln88jmic4qb/wish/1534031073 WHAT IS IT?
a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation
POSITIVES 
-No ownership restrictions
-Tax flexibility
NEGATIVES
-Fewer fringe benefits
-Ownership is typically harder to transfer than with a corporation
EXAMPLES
Sony, Nike, Pepsi-Cola]]> 2021-05-18 03:40:14 UTC https://padlet.com/claragonz645/fhielln88jmic4qb/wish/1534031073 Franchise claragonz645 https://padlet.com/claragonz645/fhielln88jmic4qb/wish/1534042383 WHAT IS IT?
a company expands by supplying independent business owners with an established business, including its name and trademark.
POSITIVES
-less risky than independent businesses
- can make it easier to secure financing
NEGATIVES
-takes a lot of money to start up
-less control of the buisness 
EXAMPLES
mcdonald's, wendy's, burger king 
]]> 2021-05-18 03:45:40 UTC https://padlet.com/claragonz645/fhielln88jmic4qb/wish/1534042383 claragonz645 https://padlet.com/claragonz645/fhielln88jmic4qb/wish/1538108484 2021-05-19 02:45:41 UTC https://padlet.com/claragonz645/fhielln88jmic4qb/wish/1538108484 claragonz645 https://padlet.com/claragonz645/fhielln88jmic4qb/wish/1538108691 2021-05-19 02:45:51 UTC https://padlet.com/claragonz645/fhielln88jmic4qb/wish/1538108691 claragonz645 https://padlet.com/claragonz645/fhielln88jmic4qb/wish/1538241822 2021-05-19 04:15:37 UTC https://padlet.com/claragonz645/fhielln88jmic4qb/wish/1538241822