https://padlet.com/myles_ellis/vltkfljze2ex Made with a curious mind en-us 2016-10-26 14:59:11 UTC 2016-10-27 15:52:07 UTC hello@padlet.com myles_ellis https://padlet.com/myles_ellis/vltkfljze2ex/wish/133351421 When a business is owned by one person. The Easiest business form under which one can operate a business

]]> 2016-10-26 15:03:20 UTC https://padlet.com/myles_ellis/vltkfljze2ex/wish/133351421 myles_ellis https://padlet.com/myles_ellis/vltkfljze2ex/wish/133352728 When a business is controlled by two or more people. ]]> 2016-10-26 15:06:25 UTC https://padlet.com/myles_ellis/vltkfljze2ex/wish/133352728 myles_ellis https://padlet.com/myles_ellis/vltkfljze2ex/wish/133352837 A company/group of people authorized to act as a single entity.
 ]]> 2016-10-26 15:06:39 UTC https://padlet.com/myles_ellis/vltkfljze2ex/wish/133352837 myles_ellis https://padlet.com/myles_ellis/vltkfljze2ex/wish/133370062 Ownership
Liability 
Risk]]> 2016-10-26 15:45:07 UTC https://padlet.com/myles_ellis/vltkfljze2ex/wish/133370062 myles_ellis https://padlet.com/myles_ellis/vltkfljze2ex/wish/133376324 Existence of business
Agency relationship
Membership


]]> 2016-10-26 15:57:51 UTC https://padlet.com/myles_ellis/vltkfljze2ex/wish/133376324 myles_ellis https://padlet.com/myles_ellis/vltkfljze2ex/wish/133656373 Perpetual life
Capacity to Contract
Centralized management]]> 2016-10-27 15:18:54 UTC https://padlet.com/myles_ellis/vltkfljze2ex/wish/133656373 myles_ellis https://padlet.com/myles_ellis/vltkfljze2ex/wish/133658289 No corporate tax payments
Few formal business requirements
Minimal legal costs to forming a sole proprietorship ]]> 2016-10-27 15:23:23 UTC https://padlet.com/myles_ellis/vltkfljze2ex/wish/133658289 myles_ellis https://padlet.com/myles_ellis/vltkfljze2ex/wish/133658385 All responsibilities and business decisions fall on the shoulders of the single business owner

Investors won’t usually invest in sole proprietorships]]> 2016-10-27 15:23:37 UTC https://padlet.com/myles_ellis/vltkfljze2ex/wish/133658385 myles_ellis https://padlet.com/myles_ellis/vltkfljze2ex/wish/133658562 Two head or more is better than one
Business affairs are private
Easier working conditions]]> 2016-10-27 15:23:55 UTC https://padlet.com/myles_ellis/vltkfljze2ex/wish/133658562 myles_ellis https://padlet.com/myles_ellis/vltkfljze2ex/wish/133658589 A partner cannot transfer interest in the business without the unanimous consent of the partners

If a partnerwere to join or leave, you will probably have to value all the partnership assets and this can be costly]]> 2016-10-27 15:23:59 UTC https://padlet.com/myles_ellis/vltkfljze2ex/wish/133658589 myles_ellis https://padlet.com/myles_ellis/vltkfljze2ex/wish/133658633 Limited liability
Ownership transfer
Source of capital]]> 2016-10-27 15:24:07 UTC https://padlet.com/myles_ellis/vltkfljze2ex/wish/133658633 myles_ellis https://padlet.com/myles_ellis/vltkfljze2ex/wish/133658705 Doubling taxation
Excessive tax filing
Self management]]> 2016-10-27 15:24:18 UTC https://padlet.com/myles_ellis/vltkfljze2ex/wish/133658705