https://padlet.com/02etrujillo/jmj4i0dzxo6g Esteban Trujillo en-us 2018-10-01 15:10:02 UTC 2018-10-01 16:34:49 UTC hello@padlet.com 02etrujillo https://padlet.com/02etrujillo/jmj4i0dzxo6g/wish/287665842 A type of enterprise that is owned and run by one person and there is no legal distinction between the owner and the business entity.]]> 2018-10-01 15:11:42 UTC https://padlet.com/02etrujillo/jmj4i0dzxo6g/wish/287665842 02etrujillo https://padlet.com/02etrujillo/jmj4i0dzxo6g/wish/287667945 A business or firm owned and run by two or more partners.]]> 2018-10-01 15:14:49 UTC https://padlet.com/02etrujillo/jmj4i0dzxo6g/wish/287667945 02etrujillo https://padlet.com/02etrujillo/jmj4i0dzxo6g/wish/287668915 A company or group of people authorized to act as a single entity and recognized as such in law.]]> 2018-10-01 15:16:15 UTC https://padlet.com/02etrujillo/jmj4i0dzxo6g/wish/287668915 02etrujillo https://padlet.com/02etrujillo/jmj4i0dzxo6g/wish/287670728  It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.]]> 2018-10-01 15:18:13 UTC https://padlet.com/02etrujillo/jmj4i0dzxo6g/wish/287670728 02etrujillo https://padlet.com/02etrujillo/jmj4i0dzxo6g/wish/287672110 Positive:
1)All profit goes to the sole owner
2)You don't have to pay for any employees since you are doing all of the business's work.
Negative:
1)Much more work for the owner
2)Has to deal with the business by themselves]]> 2018-10-01 15:19:57 UTC https://padlet.com/02etrujillo/jmj4i0dzxo6g/wish/287672110 02etrujillo https://padlet.com/02etrujillo/jmj4i0dzxo6g/wish/287678441 Positive:
1) Pay less personal tax
2) Provide their members protection
Negative:
1) Checks made out to a limited liability company cannot be cashed
2) More expensive to operate]]> 2018-10-01 15:28:37 UTC https://padlet.com/02etrujillo/jmj4i0dzxo6g/wish/287678441 02etrujillo https://padlet.com/02etrujillo/jmj4i0dzxo6g/wish/287678946 Positive:
1)As a corporation you are allowed to buy, sell, own, enter into a contract.
2) It can do good and be rewarded
Negative:
1) A firm and it's owners are limited in their liability to the creditors and other obligors only up to the resources of the firm
2) Double taxation]]> 2018-10-01 15:29:25 UTC https://padlet.com/02etrujillo/jmj4i0dzxo6g/wish/287678946 02etrujillo https://padlet.com/02etrujillo/jmj4i0dzxo6g/wish/287679531 Positive:
1)You are able to divide the work with the amount of partners
2)You are able to have work done faster and in bigger quantitites
Negative:
1)Less money for the owner since they have to pay the employees
2)]]> 2018-10-01 15:30:15 UTC https://padlet.com/02etrujillo/jmj4i0dzxo6g/wish/287679531