https://padlet.com/reynoldsgr/wfi4shtjvk14 By Grady and Steven en-us 2017-05-22 12:10:15 UTC 2017-05-22 12:40:25 UTC hello@padlet.com reynoldsgr https://padlet.com/reynoldsgr/wfi4shtjvk14/wish/173121935 Sole proprietorship is a business owned and run by just a single person

]]> 2017-05-22 12:12:03 UTC https://padlet.com/reynoldsgr/wfi4shtjvk14/wish/173121935 reynoldsgr https://padlet.com/reynoldsgr/wfi4shtjvk14/wish/173122502 A company or group of people authorized to act as a single entity(to act as a single person) and recognized in such law.

]]> 2017-05-22 12:14:46 UTC https://padlet.com/reynoldsgr/wfi4shtjvk14/wish/173122502 reynoldsgr https://padlet.com/reynoldsgr/wfi4shtjvk14/wish/173123185 A partnership is where two or more people share the profits and liabilities of a business venture.
 

]]> 2017-05-22 12:17:33 UTC https://padlet.com/reynoldsgr/wfi4shtjvk14/wish/173123185 reynoldsgr https://padlet.com/reynoldsgr/wfi4shtjvk14/wish/173124605 *Easy and inexpensive to form
*You as the person has complete control
*your business is not taxed separately,so then it is easy to fulfill the tax reporting requirements ]]> 2017-05-22 12:23:13 UTC https://padlet.com/reynoldsgr/wfi4shtjvk14/wish/173124605 reynoldsgr https://padlet.com/reynoldsgr/wfi4shtjvk14/wish/173125551 *When it comes to taking responsibility for business debts and actions of a corporation, shareholders’ personal assets are protected. Shareholders can generally only be held accountable for their investment in stock of the company.
*Corporations are generally able to attract and hire high-quality and motivated employees because they offer competitive benefits and the potential for partial ownership through stock options.

]]> 2017-05-22 12:27:52 UTC https://padlet.com/reynoldsgr/wfi4shtjvk14/wish/173125551 reynoldsgr https://padlet.com/reynoldsgr/wfi4shtjvk14/wish/173126314 *Partnerships are generally an inexpensive and easily formed business structure. The majority of time spent starting a partnership often focuses on developing the partnership agreement.
*In a partnership, each partner is equally invested in the success of the business. Partnerships have the advantage of pooling resources to obtain capital. This could be beneficial in terms of securing credit, or by simply doubling your seed money.]]> 2017-05-22 12:31:09 UTC https://padlet.com/reynoldsgr/wfi4shtjvk14/wish/173126314 reynoldsgr https://padlet.com/reynoldsgr/wfi4shtjvk14/wish/173126747 *Sole proprietors often face challenges when trying to raise money. Because you can’t sell stock in the business, investors won't often invest. Banks are also hesitant to lend to a sole proprietorship because of a perceived lack of credibility when it comes to repayment if the business fails.]]> 2017-05-22 12:33:11 UTC https://padlet.com/reynoldsgr/wfi4shtjvk14/wish/173126747 reynoldsgr https://padlet.com/reynoldsgr/wfi4shtjvk14/wish/173127314 *Corporations are costly and time-consuming ventures to start and operate. Incorporating requires start-up, operating and tax costs that most other structures do not require.

]]> 2017-05-22 12:35:29 UTC https://padlet.com/reynoldsgr/wfi4shtjvk14/wish/173127314 reynoldsgr https://padlet.com/reynoldsgr/wfi4shtjvk14/wish/173127538 *Partners are not only liable for their own actions, but also for the business debts and decisions made by other partners.
*With multiple partners, there are bound to be disagreements Partners should consult each other on all decisions, make compromises, and resolve disputes as amicably as possible.]]> 2017-05-22 12:36:35 UTC https://padlet.com/reynoldsgr/wfi4shtjvk14/wish/173127538