Business ownership by https://padlet.com/coreyariel/pmbusd11mkpo By Corey Cevallos en-us 2018-02-20 14:10:21 UTC 2023-06-10 04:38:57 UTC hello@padlet.com Partnership coreyariel https://padlet.com/coreyariel/pmbusd11mkpo/wish/233268454  Has two or more owners. 

2 positives:
-Each partner has an equal voice
-few legal requirements

2 negatives:
-two general partners
-profits increase owners personal taxes

Examples:
-Land developer
- music app developer]]> 2018-02-20 14:16:56 UTC https://padlet.com/coreyariel/pmbusd11mkpo/wish/233268454 corporation coreyariel https://padlet.com/coreyariel/pmbusd11mkpo/wish/233268557  Is the same as any other business corporation with one important difference- the IRS allows it to be taxed like a partnership, a pass-through entity 

2 positives:
-sell stock to raise capital
-profits do not increase owners personal taxes

2 negatives:
-required to file formation documents
-some IRS regulations on stock ownership

Examples:
-Software company 
-A tv chanel]]> 2018-02-20 14:17:06 UTC https://padlet.com/coreyariel/pmbusd11mkpo/wish/233268557 Limited liability company coreyariel https://padlet.com/coreyariel/pmbusd11mkpo/wish/233268720  Is the newest form of business organization

2 positives:
-some operating agreements allow interest to be sold
-most stats allow single member LLC's

2 negatives:
-members are not liable for the debts of the LLC
-profits increase owners personal taxes

Examples:
-Real estate investment
-Motion picture]]> 2018-02-20 14:17:22 UTC https://padlet.com/coreyariel/pmbusd11mkpo/wish/233268720 Sole proprietorship coreyariel https://padlet.com/coreyariel/pmbusd11mkpo/wish/233268921 A business with one owner

2 Positives:
-Easy to form and operate
-Easy to afford since no legal documents need to be filed in most cases

2 negatives:
-If sued everything goes straight to owner and government does nothing for you
-Profits increase owners personal taxes

Examples:
-ice cream shop
-person art studio]]> 2018-02-20 14:17:38 UTC https://padlet.com/coreyariel/pmbusd11mkpo/wish/233268921 coreyariel https://padlet.com/coreyariel/pmbusd11mkpo/wish/233290999 2018-02-20 14:51:37 UTC https://padlet.com/coreyariel/pmbusd11mkpo/wish/233290999 coreyariel https://padlet.com/coreyariel/pmbusd11mkpo/wish/233291510 2018-02-20 14:52:19 UTC https://padlet.com/coreyariel/pmbusd11mkpo/wish/233291510