'Owning a Small Business Essay\r'

'1.Sole proprietorship †pass on an sheath of a sole proprietorship in your t avowshipspeople or community. What might be some advantages to owning this condescension? What ar some of the biggest ch every last(predicate)enges that the owner promising faces?\r\n• thermionic valve is the short letter that is a sole proprietorship in my town. The advantages of owning this fear would be I is a humble cost to start the business up and it is continually ranked the number one Franchise. The owner likely faces running out of the topping they use to hold back the sandwiches with or not having enough dough for the bread.\r\n2.Partnership †Provide an voice of a confederateship in your town or community. What are the advantages to this form of business giving medication? What might be some challenges of being a partner in a partnership?\r\n•Keller Williams is the business that is the partnership that is in my town. The advantages of owning a real landed estate business like Keller Williams would be the business could be one of the largest real estate franchise companies in the United States. The companion will also go by growing with the more houses you sell and rent to people. The company also provides specialized agents in luxury homes and commercialized real estate properties. Some challenges could be that your partner isn’t a good partner and hides things from you or that they just want to do things on their own and ruin the business that you guys own to regulateher.\r\n3.Corporation †Provide an example of a stomach. What are the advantages and disadvantages of this form of business? How do the challenges compare to those of sole proprietorships and partnerships?\r\n•Summit Mountain is the corporation that is located in the town that I bouncy in. The advantages of owning a business like this is that you get to sleep with in the snow and you also get the snowboard go and mountain bike for free. You also get the virtually beautiful views in Big Bear. You also get the chance to meet all kinds of people from all around the world. All the states and different cultures. The advantages of owning a business like this is that you get offered self-employment tax savings build a continuous life, limited liability, more currency for investment and it also makes raising money easier. The disadvantages are extensive paperwork, double taxation, two tax returns, the coat of the business, possible conflict with stockholders and board of directors.\r\nReferences\r\n•http://www.subway.com/subwayroot/Own_a_Franchise/default.aspx •http://www.kw.com/kw/aboutus.html\r\n•http://www.pe.com/local-news/local-news-headlines/20130705-big-bear-snow-summit-is-on-the-market.ece •http://www.legalzoom.com/incorporation-guide/reasons-to-form-corporation.html •http://faculty.valenciacollege.edu/srusso/ch5.htm\r\n'