https://padlet.com/02ocooper/gmvllyvvwedu Made with a little mischief en-us 2018-02-20 14:09:12 UTC 2018-02-20 15:02:06 UTC hello@padlet.com 02ocooper https://padlet.com/02ocooper/gmvllyvvwedu/wish/233264569 Business Padlet]]> 2018-02-20 14:11:06 UTC https://padlet.com/02ocooper/gmvllyvvwedu/wish/233264569 02ocooper https://padlet.com/02ocooper/gmvllyvvwedu/wish/233265171 The most common type of organization that has one owner. ]]> 2018-02-20 14:11:59 UTC https://padlet.com/02ocooper/gmvllyvvwedu/wish/233265171 02ocooper https://padlet.com/02ocooper/gmvllyvvwedu/wish/233272105 Positives: They are easy to form as well as operate. They are also more affordable.
Negatives: The owner and the business are inseparable. When a loss in the business occurs, the owner receives a deduction from their personal income.]]> 2018-02-20 14:22:12 UTC https://padlet.com/02ocooper/gmvllyvvwedu/wish/233272105 02ocooper https://padlet.com/02ocooper/gmvllyvvwedu/wish/233272748 1. A tutoring business 
2. A local grocery store ]]> 2018-02-20 14:23:08 UTC https://padlet.com/02ocooper/gmvllyvvwedu/wish/233272748 02ocooper https://padlet.com/02ocooper/gmvllyvvwedu/wish/233278208 A business with two or more owners, the details of arrangement between these partners are outlined in a document known as a partnership agreement]]> 2018-02-20 14:31:35 UTC https://padlet.com/02ocooper/gmvllyvvwedu/wish/233278208 02ocooper https://padlet.com/02ocooper/gmvllyvvwedu/wish/233279503 Positives: Fairly similar to sole proprietorship in this sense, they're easy to form. They're affordable.
Negatives: One partner can be held liable for the actions of another partner.
The partnership can get debt in the name of the business.]]> 2018-02-20 14:33:45 UTC https://padlet.com/02ocooper/gmvllyvvwedu/wish/233279503 02ocooper https://padlet.com/02ocooper/gmvllyvvwedu/wish/233283254 1. Twitter
2. Mcdonald's]]> 2018-02-20 14:39:45 UTC https://padlet.com/02ocooper/gmvllyvvwedu/wish/233283254 02ocooper https://padlet.com/02ocooper/gmvllyvvwedu/wish/233284179 Basically an "artificial person" which is operated and created under the approval of the state it is in.]]> 2018-02-20 14:41:09 UTC https://padlet.com/02ocooper/gmvllyvvwedu/wish/233284179 02ocooper https://padlet.com/02ocooper/gmvllyvvwedu/wish/233285683 Positives: Lawsuits can be brought to the company instead of owners. Protects the owners by absorbing the liability if something goes wrong.
Negatives: Must have at least one stockholder, different states require more. It's technically not a real person]]> 2018-02-20 14:43:30 UTC https://padlet.com/02ocooper/gmvllyvvwedu/wish/233285683 02ocooper https://padlet.com/02ocooper/gmvllyvvwedu/wish/233287941 1. ABC
2. 7-Eleven ]]> 2018-02-20 14:47:04 UTC https://padlet.com/02ocooper/gmvllyvvwedu/wish/233287941 02ocooper https://padlet.com/02ocooper/gmvllyvvwedu/wish/233289108 It is the newest form of business organization, it is a hybrid. It combines the good aspects of partnership and corporation.]]> 2018-02-20 14:49:01 UTC https://padlet.com/02ocooper/gmvllyvvwedu/wish/233289108 02ocooper https://padlet.com/02ocooper/gmvllyvvwedu/wish/233290882 Positives: It combines the good aspects of partnership and corporation. Has limited liability.
Negatives: It's newer. The laws for these types of companies are still being developed.]]> 2018-02-20 14:51:29 UTC https://padlet.com/02ocooper/gmvllyvvwedu/wish/233290882 02ocooper https://padlet.com/02ocooper/gmvllyvvwedu/wish/233292882 1. Amazon
2. Walmart]]> 2018-02-20 14:54:05 UTC https://padlet.com/02ocooper/gmvllyvvwedu/wish/233292882