https://padlet.com/nicholas_list181/xnuebs55xk4b nick list en-us 2017-04-28 12:43:48 UTC 2017-05-08 12:57:02 UTC hello@padlet.com nicholas_list181 https://padlet.com/nicholas_list181/xnuebs55xk4b/wish/168860794 This is basically a business that is owned or ran by one person that owns the company. They do everything their self in terms of running the company this is a uncorporated business that all the profits go to the owner himself and only he is liable.
PROS- You are in business quickly. As a sole proprietor of a business you control all the money coming in and out of the business. You also experience 
less government control and taxation 
CONS-If the owner dies it could result in the business being shut down. A proprietorship seems less professional than a LLC or Corporation. All the decision making power comes to one person. 
73.1% of all businesses in the US are Sole Proprietorships. 
There are many factors in a proprietorship that will change the rang of cost to start up this type of business, mostly because all those factors are coming out of your pocket. For example, equipment, space, marketing networking, wardrobe, transportation, filling fees, banking etc. ]]> 2017-04-28 12:45:03 UTC https://padlet.com/nicholas_list181/xnuebs55xk4b/wish/168860794 nicholas_list181 https://padlet.com/nicholas_list181/xnuebs55xk4b/wish/168860886 A partnership in a business is a agreement between two or more people that share joint ownership of a business and everything that has to do with the business. In a partnership you and your partner are equally liable for each others actions.
PROS- Share start up capital 
Shared responsibilities at work.
Shared business risks and expenses mutual support and motivation 
CONS- If your partner were to back out on you, you are responsible for the debts that the other partner creates 
A friendship doesn't always last in a partnership
All profits are shared. 
 In the US 8% of businesses are partnerships. Partnerships don't require a written agreement so it is inexpensive to start one. ]]> 2017-04-28 12:45:27 UTC https://padlet.com/nicholas_list181/xnuebs55xk4b/wish/168860886 nicholas_list181 https://padlet.com/nicholas_list181/xnuebs55xk4b/wish/168861235 A cooperation is a business that is recognized by the government as a stand alone business. The shareholders of this type of business are liable
PROS- Protection of personal assets are more guaranteed. In a corporation there is a well defined power structure. In a corporation there is employee stock benefits. 
CONS- There are many more cost in the start of forming a corporation. Unless you follow corporate formalities, the liability of each person is taken away. In California each corporation is to pay a $800 franchise tax.18.7% of all businesses in the US are a Corporation.
To incorporate a business on average the fee you pay to your government ranges from 100 to 300 dollars depending on which state you live in. ]]> 2017-04-28 12:46:45 UTC https://padlet.com/nicholas_list181/xnuebs55xk4b/wish/168861235