https://padlet.com/02broyalty/mexmqahav9b8 Made with charisma en-us 2020-03-09 17:10:26 UTC 2020-03-09 18:00:46 UTC hello@padlet.com 02broyalty https://padlet.com/02broyalty/mexmqahav9b8/wish/457029537 What is it- When a business is ran or controlled by one person and there is no legal distinction between the owner and business entity
Pros- No conflicting ideas, Make all decisions
Cons- Unlimited liability, Difficult to raise money
Examples-Stups, Tutors]]> 2020-03-09 17:12:18 UTC https://padlet.com/02broyalty/mexmqahav9b8/wish/457029537 02broyalty https://padlet.com/02broyalty/mexmqahav9b8/wish/457029601 What is it- Two parties join together to help advance their interest
Pros- More hands, Less tax forms
Cons- Split profits, Conflicting ideas
Examples- Starvin Marvin's, Michael and sons

]]> 2020-03-09 17:12:23 UTC https://padlet.com/02broyalty/mexmqahav9b8/wish/457029601 02broyalty https://padlet.com/02broyalty/mexmqahav9b8/wish/457029845 What is it- A group of people acting as one single entity
Pros-Can raise money by selling stocks, Shareholder's assets are protected
Cons-Independent management, double taxation
Examples-7-eleven, Adidas]]> 2020-03-09 17:12:43 UTC https://padlet.com/02broyalty/mexmqahav9b8/wish/457029845 02broyalty https://padlet.com/02broyalty/mexmqahav9b8/wish/457029940 What is it-The owners are not liable for the companies debt
Pros- You get taxed like a sole proprietorship, management flexibility
Cons- You cannot pay yourself wages
Examples-Nike, eBay]]> 2020-03-09 17:12:49 UTC https://padlet.com/02broyalty/mexmqahav9b8/wish/457029940 02broyalty https://padlet.com/02broyalty/mexmqahav9b8/wish/457042186 https://www.upcounsel.com/what-is-an-example-of-a-corporation
https://www.patriotsoftware.com/blog/accounting/pros-cons-business-partnership-advantages-disadvantages-questions/
https://grasshopper.com/resources/jump-starting-and-growing-your-business/nuts-and-bolts/]]> 2020-03-09 17:28:24 UTC https://padlet.com/02broyalty/mexmqahav9b8/wish/457042186