1 / 7

Ryan Hohn

Ryan Hohn. Entrepreneurship Period 9. Sole Proprietorship. Easiest and most popular form of business Receives profits Incurs losses Liable for all debts. Partnership. Relies on skills, knowledge, and financial resources from others Must have at least one general partner

sabin
Download Presentation

Ryan Hohn

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Ryan Hohn Entrepreneurship Period 9

  2. Sole Proprietorship • Easiest and most popular form of business • Receives profits • Incurs losses • Liable for all debts

  3. Partnership • Relies on skills, knowledge, and financial resources from others • Must have at least one general partner • Some include limited partners

  4. Corporation • C-Corporation, Subchapter S, non profit • Most common corporate form • Founders are generally shareholders

  5. Advantages Easy and inexpensive to create Owner has complete authority over business Least regulated form of business Business pays no taxes Disadvantages Owner has unlimited liability Raising capital is more difficult Reliant on skills and abilities of owner Death of owner dissolves the business Sole Proprietorship

  6. Advantages Inexpensive to create Partners have complete control Can share ideas Secure capital investments easily Disadvantages Difficult to dissolve one partners interest May be personality conflicts Partners can be held liable for each others actions Partnership

  7. Advantages Status Limited liability Ability to raise capital investment money Perpetual existence Employee benefits Tax advantages Disadvantages Expensive to create Income is heavily taxed Subject to double taxation on income Pays taxes on profits Stockholders pay taxes on dividends Corporation

More Related