The document compares the advantages and disadvantages of partnerships, corporations, and sole proprietorships as business structures. It notes that sole proprietorships are easy to create but offer no liability protection to the owner. Partnerships allow work to be shared but partners are liable for each other's debts. Corporations can exist indefinitely but are more expensive to form. The document concludes that entrepreneurs should choose the structure that will make them the most money, not just the one with the most advantages, and that an ice skating ring business would benefit from a partnership agreement.

1. Carldez Goodley
Mrs. Davis
6th period

2. Partnership
Advantages Disadvantages
 In an partnership you  Having to depend on
have the help with another person.
another person so it  Be held liable for each
can take some other de
responsibly away.
 If something happens
would be able to split
the cost/wages

3. Corporation
Advantages Disadvantages
 Can live beyond life of  Hard to get to the top.
the founders.  Expensive to create
 Offers the most  Pay more taxes
protection.

4. Sole Proprietorship
Advantages Disadvantages
 Its is easy and  Don’t offer the owner
inexpensive to create. protection from
 Pays no taxes liability.
 Least regulated by  It’s unlimited liability
government  The death of the owner
dissolves the business.

5. Interpreting Results
 The most advantages and disadvantages I got was on
sole proprietorship.

6. Drawing Conclusions
 I don’t think entrepreneurs should select the type of
organization with the most advantages. They should
pick it from what can make them the most money
and they benefit the most from the most.
 Someone with an ice skating ring should have a
partnership agreement.