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BUSINESS ORGANIZATION

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  • You have to split the income.
    Partnership
  • Owner is in charge of every aspect of the business
    Sole Proprietorship
  • Owners share the profit and have a legal agreement.
    Partnership
  • Owners are not responsible for the business’s debts.
    Corporation
  • Owner is responsible for all debts and liabilities sustained by the business
    Sole Proprietorship
  • Are taxed twice a year and they have to pay stock tax.
    Corporation
  • Business has many owners
    Corporation
  • Income is taxed as a personal income.
    Sole Proprietorship
  • You can sell shares of stock which brings in capital.
    Corporation
  • This business can be tough as all decisions fall on you.
    Sole Proprietorship
  • Takes a lot of time, money, and people to start.
    Corporation
  • Has many employees and government keeps a close eye on them.
    Corporation
  • Very common way to start up a business if you want to work with someone else.
    Partnership
  • Owners are the shareholders.
    Corporation
  • Owner gets to keep all the profit
    Sole Proprietorship
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