Smore Project Rubric

Four Major Types Of Business.

Sole Proprietorship

Type of business entity that is owned and run by one individual or one legal person.


Ad: There is no legal distraction between the owner and the people, Simple.

Dis: There Is no Legal owner nobody noes about, Personal Liability, You Can Easly Lose Everything easy.


A Short Video On YouTube About Sole Partnership:


http://www.youtube.com/watch?v=xvXsqqCR4Zc

Partnership

a commercial entity with which another commercial entity has some form of alliance. This relationship may be a contractual, exclusive bond in which both entities commit not to ally with third parties.


Ad: You can get help from someone else, and work doesn't seem as hard.

Dis: You have to split the profit, You can get in a fight and forget the business. Risk Having the protections of being a limited partner revoked.


Ex: How apple had two partners, Steve Wosiack, and Steve Jobs.


A Two Part Series Of Partnership:


http://www.youtube.com/watch?v=N-Lf6cy3MUA Part 1

http://www.youtube.com/watch?v=0m_G9Rb1GFM Part 2

LLP

Is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities.


Ad: More Options, Single member LLCs can choose to be treated as a sole proprietor for income tax purposes. LLC Members can choose to have their businesses treated as an s-corporation or as a partnership.


Dis: There is a big confusion of LLP's in other countries, State law allows then to provide to provide their owners with substantial limited liability.


A One Part Series Of LLPs On Youtube:


http://www.youtube.com/watch?v=TVIywY8E8jw

Cooperation

Process of groups of organisms working or acting together for their common/mutual benefit.


Ad:You have more than person helping you.

Dis: No More than 100 shareholders, Double Taxation.


A Small Short Video About Cooperation:


http://www.youtube.com/watch?v=PzSw6OsEP9Q
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Citation (MLA)

"What Are the Four Most Common Types of Business Formats?" Small Business. N.p., n.d. Web. 19 Sept. 2014.


"The Four Types of Businesses and Which One May Be Best for You." Next Avenue. N.p., n.d. Web. 19 Sept. 2014.


"What Are the Four Most Common Types of Business Formats?" Business & Entrepreneurship. N.p., n.d. Web. 19 Sept. 2014


Administrator. Different Types of Business Entities (20163): n. pag. N8499q. Web.