Forms of business ownership by Ruqaiyah Johnson https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm en-us 2023-10-04 17:26:04 UTC 2023-10-04 17:57:25 UTC hello@padlet.com Sole Proprietorship ruqaiyahjohnson5715_ https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732515758 Sole Proprietorship is when someone who owns an unincorporated business by himself.
Advantage: All the money you make is yours and  its very flexible work hours
Disadvantage: liable for the business and 
building the fiance would be more difficult 
Example: Mcdonalds

]]> 2023-10-04 17:35:20 UTC https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732515758 Partnership ruqaiyahjohnson5715_ https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732523120 A partnership business is ran by two or more people. 
Advantages:start up cost is low and more capital available 
Disadvantage: higher taxes and spitting profits between your partner 
Example:Red bull and GoPro


]]> 2023-10-04 17:39:52 UTC https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732523120 LLC ruqaiyahjohnson5715_ https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732529297 An LLC is a type of business structure that provides limits liability. 
Advantages: limited personally liability and easy to form
Disadvantage: The creation of a centralized management structure and higher taxes 
Example: Apple



]]> 2023-10-04 17:43:41 UTC https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732529297 C Corporation ruqaiyahjohnson5715_ https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732536971 C Corporation is an independent legal entity owned by its shareholders 
Advantages: Great for equity financing and attractive to investors and can have unlimited number of owners 
Disadvantages: Expensive to start and the taxes are high 
Example: walmart ]]> 2023-10-04 17:48:40 UTC https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732536971 S Corporation ruqaiyahjohnson5715_ https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732541029 Is an corporations that is taxed on flow through basis 
Advantages: limited liability protection and once a year tax filing 
Disadvantages: only 100 shareholders and only one class stock  
Example: XYZ INC]]> 2023-10-04 17:51:20 UTC https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732541029 Non-Profit ruqaiyahjohnson5715_ https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732544668 A non-profit business is not in business to make a profit 
Advantages:can receive government grants and makes a different  helps many people 
Disadvantages: risk of not making money and social pressure  
example: red cross ]]> 2023-10-04 17:53:55 UTC https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732544668 ruqaiyahjohnson5715_ https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732545943 2023-10-04 17:54:50 UTC https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732545943 ruqaiyahjohnson5715_ https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732546455 2023-10-04 17:55:11 UTC https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732546455 ruqaiyahjohnson5715_ https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732546896 2023-10-04 17:55:28 UTC https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732546896 ruqaiyahjohnson5715_ https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732547949 2023-10-04 17:56:10 UTC https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732547949 ruqaiyahjohnson5715_ https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732548366 2023-10-04 17:56:26 UTC https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732548366 ruqaiyahjohnson5715_ https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732548746 2023-10-04 17:56:43 UTC https://padlet.com/ruqaiyahjohnson5715_/nrv025aubw3trcfm/wish/2732548746