https://padlet.com/shivana_misir/l8h281ch1ys8 Read pages 41-47 in your textbook. Summarize the information and include the definitions of the bolded words in your summary. After you are done summarizing the pages, include a post that addresses this question: 1. List at least 2 advantages and disadvantages associated with each type of business ownership. (Thinking/Inquiry) en-us 2018-02-25 23:29:08 UTC 2018-02-27 19:26:23 UTC hello@padlet.com nithin_marella https://padlet.com/shivana_misir/l8h281ch1ys8/wish/235543252 2018-02-26 18:32:20 UTC https://padlet.com/shivana_misir/l8h281ch1ys8/wish/235543252 https://padlet.com/shivana_misir/l8h281ch1ys8/wish/235544172 2018-02-26 18:33:49 UTC https://padlet.com/shivana_misir/l8h281ch1ys8/wish/235544172 tenseshield https://padlet.com/shivana_misir/l8h281ch1ys8/wish/235650649 Advantages of sole proprietor is u get to be ur own boss and profits go to owner. Disadvantages of sole proprietor unlimited liability and financing may be difficult. Advantages of partnership is more capital and financing, and shared responsibilities. Disadvantages of partnership is unlimited liability in general partnerships and partner disagreements. Advantages of corporation is limited liability and transfer of ownership is simple. Disadvantages of corporation timely and costly startup, and people who own only a few shares don’t have alot  of influence on how the company is run. Advantages of co-operative is less expensive goods/services and easily set up. Disadvantages of co-operative is decision-making process could be difficult. Advantages of franchise brand recognition and shared marketing. Disadvantages of franchise is franchise fee and monthly fee.]]> 2018-02-26 21:49:44 UTC https://padlet.com/shivana_misir/l8h281ch1ys8/wish/235650649 sajanth_thavarajah https://padlet.com/shivana_misir/l8h281ch1ys8/wish/235662580 Sole Proprietorships: Advantages- Starting and administering the business is easier and less expensive.
Owner gets all the profit.
Disadvantages-Owner is responsible for all the losses. Unlimited liability.
Partnerships: Advantages- The partners have a working relationship. Limited partnership means that a person is responsible for whatever they invested in and nothing else.
Disadvantages-Unlimited liability. The partners could have a bad relationship.
Corporations: Advantages-granted legal status with rights, privileges and liabilities. Limited liability. Disadvantages- Ownership is divided.
Co-operative:Advantages- owned by people who use the goods and services. Easy to set up.
Disadvantages-members may lose interest
Franchises-Advantages-Established brand. Support of the marketing industry.
Disadvantages-limited creativity, dependent on success.]]> 2018-02-26 22:34:41 UTC https://padlet.com/shivana_misir/l8h281ch1ys8/wish/235662580 thiveya01 https://padlet.com/shivana_misir/l8h281ch1ys8/wish/235667166 Sole Proprietorship - Advantages:
- Easy to start and end
- Profits to owner
Disadvantages:
- Financing maybe difficult
- Unlimited liability
Partnership - Advantages:
- Shared responsibilities
- More capital and financing
Disadvantages:
- Partner diasgreeements
- Unlimited liability in general partnerships
Corporation - Advantages:
- Limited liability
- Transfer of ownership simple
Disadvantages:
- Timely and costly startup
- People who own only a few shares don't have a lot of influence on how the company is run
Co-operative - Advantages:
 - Easily set-up
 - Less expensive goods/services
Disadvantages:
 - Decision-making process could be difficult
Franchise - Advantages:
- Brand recognition
- Shared marketing
Disadvantages:
- Franchise fee
- Monthly fee ]]> 2018-02-26 22:55:40 UTC https://padlet.com/shivana_misir/l8h281ch1ys8/wish/235667166 nithin_marella https://padlet.com/shivana_misir/l8h281ch1ys8/wish/235681774 Advantage of Sole Proprietorship is if the business does well, the owner enjoys all the profit. Disadvantage is owner is responsible for all the losses. An advantage of Partnership is building a relationship between the partners. A disadvantage is if the business fails, their personal savings and other assets cannot be used to pay partnerships debts. Advantage of Corporation is shareholders have limited liability. which means that they can encourage people to buy shares. Disadvantage of it is that large corporations usually cannot be managed well if they are owned and funded by only one or two people. A advantage of a                Co-operative business is less expensive goods/services. A disadvantage is process of decision making can be very difficult. An advantage of  a Franchise is the popularity and shared marketing. A disadvantage is paying for monthly and franchise fee]]> 2018-02-27 00:10:18 UTC https://padlet.com/shivana_misir/l8h281ch1ys8/wish/235681774