https://padlet.com/01mgriffithr/v4z86ocxzb4e By Marco Griffith en-us 2018-09-17 17:40:39 UTC 2026-01-04 14:52:01 UTC hello@padlet.com 01mgriffithr https://padlet.com/01mgriffithr/v4z86ocxzb4e/wish/282500250  is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests.

Positives
1. two heads (or more) are better than one
2.it’s easy to change your legal structure later if circumstances change.

Negatives
1.each partner is an agent of the partnership and is liable for actions by other partners
2.if partners join or leave, you will probably have to value all the partnership assets and this can be costly.

An example of partnership is  2017, the IDB and Danone teamed up to develop business solutions to boost economic growth. 
Another example Founded in 2010 as a public-private partnership between the IDB and the Bill & Melinda Gates Foundation]]> 2018-09-17 17:43:16 UTC https://padlet.com/01mgriffithr/v4z86ocxzb4e/wish/282500250 01mgriffithr https://padlet.com/01mgriffithr/v4z86ocxzb4e/wish/282500871 is a type of enterprise that is owned and run by one person 

Positives
1.it's simple to form and manage.
2.is the simplest business type to maintain

Negatives
1. you'll be personally liable for any lawsuits brought against the business.
2. This could minimizes your personal liability to protect your personal property 

An example is Catering companies offer their services for parties, weddings, church functions and business events. In most cases, a sole proprietor operating a catering company needs to hire employees.

Another example is the startup costs for a housecleaning business are generally low. Business owners can offer a variety of additional services, such as laundry, window washing and carpet cleaning.]]> 2018-09-17 17:44:05 UTC https://padlet.com/01mgriffithr/v4z86ocxzb4e/wish/282500871 01mgriffithr https://padlet.com/01mgriffithr/v4z86ocxzb4e/wish/282500902 a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.

Positives
1.offers shareholders limited liability protection from the businesses debts and actions. 
2.shareholders are only liable for their stock investment in the business, and their personal assets are protected.
Cons
1.It takes a lot of time and money to establish a corporation. 
2.A corporation is highly regulated by state, federal and even some local agencies, which means added record keeping and paperwork requirements for this business structure.

Examples of a corporation is Microsoft and Google because they are a group of people that take control of a company


]]> 2018-09-17 17:44:07 UTC https://padlet.com/01mgriffithr/v4z86ocxzb4e/wish/282500902 01mgriffithr https://padlet.com/01mgriffithr/v4z86ocxzb4e/wish/287742738 It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Positives
1.Tax Flexibility
2.Less Paperwork

Negatives
1.Self Employment Taxes
2.Confusion about roles

An example are business that sell things that are only online, another example is like having a  hot dog cart because that is also a limited business]]> 2018-10-01 17:03:18 UTC https://padlet.com/01mgriffithr/v4z86ocxzb4e/wish/287742738 01mgriffithr https://padlet.com/01mgriffithr/v4z86ocxzb4e/wish/287757572 https://smallbusiness.chron.com/10-examples-sole-proprietors-32858.html

https://www.investopedia.com/articles/investing/070915/most-successful-corporations-us.asp]]> 2018-10-01 17:24:48 UTC https://padlet.com/01mgriffithr/v4z86ocxzb4e/wish/287757572