Introducing 

Prezi AI.

Your new presentation assistant.

Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.

Loading…
Transcript

Partnership

All are very different. But all can be very successful

Disadvantages:

  • difficult to dissolve ones partner's interest without dissolving partnership
  • personality conflicts
  • when one dies the partnership ends

Advantages:

  • inexpensive to create
  • partners share debts
  • share ideas
  • secure investments

Corporations

Sole Proprietorship

Advantages:

  • limited liability and status
  • raise investment money
  • employee benefits
  • tax advantages
  • perpetual existence (continuous life regardless of changes in ownership)
  • access to stock market

Disadvantages:

  • full responsibility for debts
  • raising money may be difficult
  • debts are paid from the owners personal assets

Advantages:

  • easy and inexpensive
  • gives owner complete authority over all of it.
  • tax is lower

Disadvantages:

  • expensive to set up
  • costs between $500 and $2,500 to create
  • income is heavily taxed

double taxation is applied to earnings

Advantages and Disadvantages of Business ownership

Learn more about creating dynamic, engaging presentations with Prezi