Basic Forms of Ownership by Garrett Anderson https://padlet.com/ganderson201/pi7hh0edotij Proprietorship, Partnership, and Corporation en-us 2018-10-25 15:54:31 UTC 2023-03-28 18:51:29 UTC hello@padlet.com Basic Forms of Business Ownership ganderson201 https://padlet.com/ganderson201/pi7hh0edotij/wish/297025970 -Proprietorship
-Partnership
-Corporation]]> 2018-10-25 15:56:22 UTC https://padlet.com/ganderson201/pi7hh0edotij/wish/297025970 Proprietorship ganderson201 https://padlet.com/ganderson201/pi7hh0edotij/wish/297026796 Business that is owned and operated by a single individual]]> 2018-10-25 15:57:37 UTC https://padlet.com/ganderson201/pi7hh0edotij/wish/297026796 Disadvantages of Proprietorship ganderson201 https://padlet.com/ganderson201/pi7hh0edotij/wish/297028557 -Unlimited liability or legal responsibility
-Limited expertise
-Limited life ]]> 2018-10-25 16:00:05 UTC https://padlet.com/ganderson201/pi7hh0edotij/wish/297028557 Advantages of Proprietorship ganderson201 https://padlet.com/ganderson201/pi7hh0edotij/wish/297029649 -Easy to start
-Easy to close
-Retain all profits
-Complete control of operations
-Simple tax structure]]> 2018-10-25 16:01:13 UTC https://padlet.com/ganderson201/pi7hh0edotij/wish/297029649 Partnership ganderson201 https://padlet.com/ganderson201/pi7hh0edotij/wish/297030812 Association of two or more persons who co-own a business with the objective of earning a profit]]> 2018-10-25 16:02:28 UTC https://padlet.com/ganderson201/pi7hh0edotij/wish/297030812 Advantages of Partnership ganderson201 https://padlet.com/ganderson201/pi7hh0edotij/wish/297031650 -Easy to start
-Combined financial resources
-skills and resources
-Simple tax structure]]> 2018-10-25 16:03:38 UTC https://padlet.com/ganderson201/pi7hh0edotij/wish/297031650 Disadvantages of Partnership ganderson201 https://padlet.com/ganderson201/pi7hh0edotij/wish/297033285 -Unlimited Liability
-limited life
-potential disagreements]]> 2018-10-25 16:06:03 UTC https://padlet.com/ganderson201/pi7hh0edotij/wish/297033285 Corporation ganderson201 https://padlet.com/ganderson201/pi7hh0edotij/wish/297033748 Business that is legally separate from its owners and has most of the legal rights of an actual person]]> 2018-10-25 16:06:49 UTC https://padlet.com/ganderson201/pi7hh0edotij/wish/297033748 Disadvantages of Corporations ganderson201 https://padlet.com/ganderson201/pi7hh0edotij/wish/297035033 -expensive to form
-many governmental regulations
-double taxation]]> 2018-10-25 16:09:06 UTC https://padlet.com/ganderson201/pi7hh0edotij/wish/297035033 Advantages of Corporations ganderson201 https://padlet.com/ganderson201/pi7hh0edotij/wish/297037779 -limited liability
-continued life
-transferring ownership]]> 2018-10-25 16:13:23 UTC https://padlet.com/ganderson201/pi7hh0edotij/wish/297037779