https://padlet.com/aldoavellaneda97/h5p07hk76ys4 Made with a little mischief en-us 2018-02-06 13:26:12 UTC 2018-02-07 13:03:55 UTC hello@padlet.com aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228573359 A one-person business owner. ]]> 2018-02-06 13:34:08 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228573359 aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228573972 Two or more people owning a business. Two types of partners - limited and general. ]]> 2018-02-06 13:34:57 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228573972 aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228574503 Company where under US tax law, is taxed separately from its owners. ]]> 2018-02-06 13:35:49 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228574503 aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228575355 This is a tax elective in the C-Corp application.]]> 2018-02-06 13:37:07 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228575355 aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228575922 Offers owners limited personal liability for debts/actions of the company. Relatively new and fastest growing business. ]]> 2018-02-06 13:37:56 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228575922 aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228582703 Easiest and cheapest to form and report. Profits taxed through income. Self boss and make own decisions. Owner flexibility. ]]> 2018-02-06 13:48:30 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228582703 aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228584153 Easy, not expensive to start up. Taxed as a sole proprietor. Owner flexibility. Share workload/risk. Partner can help where your skill set falls short. ]]> 2018-02-06 13:50:53 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228584153 aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228585474 Limited personal liability. Easier to attract funding. Transfer of ownership. ]]> 2018-02-06 13:52:54 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228585474 aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228585997 Operate like C-Corp but with tax benefit of sole proprietor. Limited Personal Liability. ]]> 2018-02-06 13:53:46 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228585997 aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228586831 Taxed like sole proprietor. Limited personal liability. More owner/management flexibility. Ability to raise funds. ]]> 2018-02-06 13:54:56 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228586831 aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228588067 If something happens to owner, business dies. Owner does everything, unless outsource specific functions. Unlimited personal liability (could lose all personal assets). ]]> 2018-02-06 13:56:34 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/228588067 aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/229056171 General partner has unlimited personal liability. When something happens to one partner, business may go out of business. Difficult to attract funding ]]> 2018-02-07 12:20:55 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/229056171 aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/229057367 Complex - deal with IRS, SEC, and the state. Double taxed. Less owner flexibility. Expensive to form. ]]> 2018-02-07 12:25:42 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/229057367 aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/229058230 Must qualify. No more than 100 shareholders. Less owner flexibility also. ]]> 2018-02-07 12:28:43 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/229058230 aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/229058417 Investors might hesitate in funding. Costs more than proprietorship or partnership. Not all states allow it. ]]> 2018-02-07 12:29:24 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/229058417 aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/229065513 2018-02-07 12:52:05 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/229065513 aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/229066520 2018-02-07 12:55:36 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/229066520 aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/229066684 2018-02-07 12:56:11 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/229066684 aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/229067500 2018-02-07 12:59:06 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/229067500 aldoavellaneda97 https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/229068695 2018-02-07 13:03:13 UTC https://padlet.com/aldoavellaneda97/h5p07hk76ys4/wish/229068695