https://padlet.com/eric_muslar19/orhdkggrcery en-us 2017-04-21 17:05:31 UTC 2017-05-02 17:35:16 UTC hello@padlet.com eric_muslar19 https://padlet.com/eric_muslar19/orhdkggrcery/wish/167543460 ownership is the right of or to own something Pros and Cons of ownership Pros being you have control over that 

3 pros Pros of business ownership include being your own boss you have the freedom to make your own choices 
Also you have the opportunity to make more money then if you were employed by someone else 
and you have many learning opportunities as a business owner which can benefit you in the end 
3 cons owning a business can expose you to financial risk 
and you may have to go into debt to  invest and build it up 
stress since your the the sole owner of a business everything rest on your shoulders your income employees future all rest in your hands 
devotion owning a business as a sole owner is no easy task as you have to take time to improve expand grow and develop your business ]]> 2017-04-21 17:07:43 UTC https://padlet.com/eric_muslar19/orhdkggrcery/wish/167543460 eric_muslar19 https://padlet.com/eric_muslar19/orhdkggrcery/wish/167543528 a business ran by one person 
3 cons 
the owner of a sole proprietorship has unlimited personal liability for the business 
business entity is not taxed as the profits and losses are passed through the sole proprietorship 
and your business doesn't exist as a separate entity legally 
3 pros it is the most common and simplest form of business 
owner collects all revenues requires very few paperwork or legal documentation 
The cost to start a proprietorship include equipment space marketing networking transportation baking etc





]]> 2017-04-21 17:08:04 UTC https://padlet.com/eric_muslar19/orhdkggrcery/wish/167543528 eric_muslar19 https://padlet.com/eric_muslar19/orhdkggrcery/wish/167543785 two or more people come together to run a business 
3 pros shared profits 
partners are jointly and individually liable for the for the business 
even if the other is away or out of town for example 
 3 cons cons of partnerships include disagreements which may cause you to clash with your partner for any number of reasons 
sharing of profits may cause tension if one of the partners is contributing more to the business then other 
taxes each sharing member must pay taxes on their earnings if the business is doing well then they will be taxed more 
The Cost to start a partnership can vary between 500 and 2000$

]]> 2017-04-21 17:08:56 UTC https://padlet.com/eric_muslar19/orhdkggrcery/wish/167543785 eric_muslar19 https://padlet.com/eric_muslar19/orhdkggrcery/wish/167543926 a company or group of people that are authorized to act as a single entity 
3 Pros 
corporations provide limited liability  protection to their owners 
owners are not personal responsible for the debts of the business  the corporation is a separate entity from its owners 
3 cons being much larger corporations are much more complicated to run requires maintenance of at least annual reporting and needs to elect new board of director 
the cost of starting a corporation include fees from 800 to 1000$ but will include many other important factors and equipment to help build up the corporation ]]> 2017-04-21 17:09:25 UTC https://padlet.com/eric_muslar19/orhdkggrcery/wish/167543926 eric_muslar19 https://padlet.com/eric_muslar19/orhdkggrcery/wish/168937506 2017-04-28 17:12:03 UTC https://padlet.com/eric_muslar19/orhdkggrcery/wish/168937506