Business Ownership by Salma Hudhud https://padlet.com/03shudhud/t53r54oy85eb Made with big dreams en-us 2018-10-01 13:06:46 UTC 2026-03-16 20:24:44 UTC hello@padlet.com Sole Proprietorship 03shudhud https://padlet.com/03shudhud/t53r54oy85eb/wish/287576674 A business that legally has no separate existence from its owner. Income and losses are taxed on the individual's personal income tax return]]> 2018-10-01 13:09:51 UTC https://padlet.com/03shudhud/t53r54oy85eb/wish/287576674 Partnership 03shudhud https://padlet.com/03shudhud/t53r54oy85eb/wish/287577560 A partnership is a formal arrangement in which two or more parties cooperate to manage and operate a business. ]]> 2018-10-01 13:11:09 UTC https://padlet.com/03shudhud/t53r54oy85eb/wish/287577560 Corporation 03shudhud https://padlet.com/03shudhud/t53r54oy85eb/wish/287578220 a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.]]> 2018-10-01 13:12:15 UTC https://padlet.com/03shudhud/t53r54oy85eb/wish/287578220 Limited Liability Company 03shudhud https://padlet.com/03shudhud/t53r54oy85eb/wish/287578415 A limited liability company is a corporate structure whereby the members of the company are not personally liable for the company's debts or liabilities.]]> 2018-10-01 13:12:36 UTC https://padlet.com/03shudhud/t53r54oy85eb/wish/287578415 Sole Proprietorship Positives & Negatives 03shudhud https://padlet.com/03shudhud/t53r54oy85eb/wish/287579889 Positive
  •  Management Flexibility 
  • Tax advantages 
Negatives 
  • Uncertain business life
  • Difficulty in raising capital or obtaining financing
]]> 2018-10-01 13:15:02 UTC https://padlet.com/03shudhud/t53r54oy85eb/wish/287579889 Corporation Positives & Negatives 03shudhud https://padlet.com/03shudhud/t53r54oy85eb/wish/287585993 Positives 
  • Protection from Legal Liability
  • Attracts investors 
Negatives 
  • Tax liability  
  • More complicared
  • No Right to Legal Counsel
]]> 2018-10-01 13:24:07 UTC https://padlet.com/03shudhud/t53r54oy85eb/wish/287585993 Partnership Positives & Negatives 03shudhud https://padlet.com/03shudhud/t53r54oy85eb/wish/287589425 Positives
  • Shared cost up charge
  • Complementary skills and additional contacts of each partner can lead to the achievement of greater financial results together than would be possible apart.
Negatives 
  • Shared profits
  • You do not have total control over the business. Decisions are shared, and differences of opinion can lead to disagreements, a "falling out," or even one partner buying out the other.
]]> 2018-10-01 13:29:12 UTC https://padlet.com/03shudhud/t53r54oy85eb/wish/287589425 Limited Liability Company Positives & Negatives 03shudhud https://padlet.com/03shudhud/t53r54oy85eb/wish/287601968 Positives 
  • Limited Ability
  • Easy startup and upkeep
Negatives 
  • Self employment Tax
  • Limited ability has limits
 
]]> 2018-10-01 13:46:32 UTC https://padlet.com/03shudhud/t53r54oy85eb/wish/287601968 Corporation Examples 03shudhud https://padlet.com/03shudhud/t53r54oy85eb/wish/287605749 7-11 and ABC]]> 2018-10-01 13:52:09 UTC https://padlet.com/03shudhud/t53r54oy85eb/wish/287605749 Partnership Examples 03shudhud https://padlet.com/03shudhud/t53r54oy85eb/wish/287606369 Starbucks & Spotify
Apple & Hermes ]]> 2018-10-01 13:52:59 UTC https://padlet.com/03shudhud/t53r54oy85eb/wish/287606369 Limited Liability Company Examples 03shudhud https://padlet.com/03shudhud/t53r54oy85eb/wish/287608663 Sole Proprietorship 
General Partnership]]> 2018-10-01 13:55:59 UTC https://padlet.com/03shudhud/t53r54oy85eb/wish/287608663 03shudhud https://padlet.com/03shudhud/t53r54oy85eb/wish/287610468 2018-10-01 13:58:30 UTC https://padlet.com/03shudhud/t53r54oy85eb/wish/287610468 03shudhud https://padlet.com/03shudhud/t53r54oy85eb/wish/287611169 2018-10-01 13:59:36 UTC https://padlet.com/03shudhud/t53r54oy85eb/wish/287611169 03shudhud https://padlet.com/03shudhud/t53r54oy85eb/wish/287611586 2018-10-01 14:00:15 UTC https://padlet.com/03shudhud/t53r54oy85eb/wish/287611586