Businesss Organizations Padlet by Samantha White https://padlet.com/swhite2585/roxxao6b1vbq47hr en-us 2023-03-31 20:19:51 UTC 2023-04-01 01:36:22 UTC hello@padlet.com Characteristics swhite2585 https://padlet.com/swhite2585/roxxao6b1vbq47hr/wish/2540307423
  • The most common form of business organization 
  • Owned by one person
    • ]]>     2023-03-31 20:48:51 UTC https://padlet.com/swhite2585/roxxao6b1vbq47hr/wish/2540307423     Advantages swhite2585 https://padlet.com/swhite2585/roxxao6b1vbq47hr/wish/2540308085
  • Easy to start up
  • Owner makes all decisions on their own
  • The owner keeps all profits and does not have to share
    • ]]>     2023-03-31 20:50:14 UTC https://padlet.com/swhite2585/roxxao6b1vbq47hr/wish/2540308085     Characteristics swhite2585 https://padlet.com/swhite2585/roxxao6b1vbq47hr/wish/2540308737
  • Owned by two or more people
  • The least common form of business organization
    • ]]>     2023-03-31 20:51:30 UTC https://padlet.com/swhite2585/roxxao6b1vbq47hr/wish/2540308737     Advantages swhite2585 https://padlet.com/swhite2585/roxxao6b1vbq47hr/wish/2540308903
  • Easy to start
  • More access to start-up money than sole-proprietorships
  • Access to large amounts of financial capital for expanding
    • ]]>     2023-03-31 20:51:49 UTC https://padlet.com/swhite2585/roxxao6b1vbq47hr/wish/2540308903     Disadvantages swhite2585 https://padlet.com/swhite2585/roxxao6b1vbq47hr/wish/2540309129
  • Unlimited liability
  • Difficulty attracting qualified employees
  • Limited life
  • Manger lacks the business sense
    • ]]>     2023-03-31 20:52:19 UTC https://padlet.com/swhite2585/roxxao6b1vbq47hr/wish/2540309129     Disadvantages swhite2585 https://padlet.com/swhite2585/roxxao6b1vbq47hr/wish/2540309882
  • Limited life
  • Potential for conflict
  • Profits have to be shared between co-workers
  • Double taxation
    • ]]>     2023-03-31 20:53:45 UTC https://padlet.com/swhite2585/roxxao6b1vbq47hr/wish/2540309882     Disadvantages swhite2585 https://padlet.com/swhite2585/roxxao6b1vbq47hr/wish/2540310449
  • Double taxation
  • Owners have little control over how the business is run
  • Greater government oversight
  • Limited access to funding
    • ]]>     2023-03-31 20:54:59 UTC https://padlet.com/swhite2585/roxxao6b1vbq47hr/wish/2540310449     Advantages swhite2585 https://padlet.com/swhite2585/roxxao6b1vbq47hr/wish/2540310642
  • Access to large amounts of financial capital for expanding
  • Limited liability
  • Unlimited life
  • Ease of ownership transfer
    • ]]>     2023-03-31 20:55:24 UTC https://padlet.com/swhite2585/roxxao6b1vbq47hr/wish/2540310642     Characteristics swhite2585 https://padlet.com/swhite2585/roxxao6b1vbq47hr/wish/2540311431
  • Owned by shareholders
  • Earns the greatest percentage of business profits in the U.S.
    • ]]>     2023-03-31 20:56:49 UTC https://padlet.com/swhite2585/roxxao6b1vbq47hr/wish/2540311431