1. By: Josh Apple Jordan Guye ShaQuinta Reed

2.  Examples  Beauty salons  Cleaners  Pizza restaurants  Dr. Roslyn Crisp and associates Owned by one person (Sole Proprietorship) Unlimited liability- complete legal responsible for all debts and damages

3.  Advantages-  Owner gets the final say  Pay no corporate income tax  Disadvantages-  Unlimited liability  Have difficulty finding qualified employers  Difficult to raise financial capital Corporate income tax- tax on the money that corporations make

4.  Partnerships- A business that two or more people own to operate  Examples  Baskin Robins  Apple (when it was started)  Ben and Jerry's

5. ADVANTAGESDISADVANTAGES  Pride of sharing ownership in a business  Multiple owners so it is easier to raise money than in proprietorships  Pay no corporate income tax  Larger in size than proprietorships  Legal structure is complex (when a partner is added or taken away)  Owners have a unlimited liability (if other owners could not pay all damages then it would go to you)

6.  Corporations- an organized business recognized by law that has many rights and responsibilities of an individual  Structure- Charter, Stockholders  Charter- A legal document from the government that allows you to become a corporation  Stockholder- A person who owned shares in a company and gets part of the company’s profits and the right to vote how the company is controlled

7. ADVANTAGESDISADVANTAGES  Can easily raise money because of stocks  With being able to raise money easily the company can grow to be huge  Expensive and complex to set up  Business owners have very little to say about the management of the business  Under more government regulation than proprietorships and partnerships

9.  http://bits.blogs.nytimes.com/2013/04/26/fo r-zuckerberg-a-big-payout-from-facebook- stock/?ref=facebookinc http://bits.blogs.nytimes.com/2013/04/26/fo r-zuckerberg-a-big-payout-from-facebook- stock/?ref=facebookinc  http://www.youtube.com/watch?v=TjeheC0B SAk http://www.youtube.com/watch?v=TjeheC0B SAk

10.  Sengupta, Somini. For Zuckerberg, a Big Payout From Facebook Stock. N.p., 26 Apr. 2013. Web. 29 Apr. 2013.  "What Is a Corporation?" YouTube. YouTube, 03 Mar. 2013. Web. 30 Apr. 2013.  Remy, Richard C., John J. Patrick, David C. Saffell, Gary E. Clayton, and Dinah Zike. Civics Today: Citizenship, Economics, & You. New York, NY: Glencoe/McGraw-Hill, 2008. Print.  N.d. Photograph. Http://www.earthlyissues.com/images/steve_jobs_apple.jpg. Web.  Http://celdf.org/img/original/Matt%20Wuerker%20- %20Corporate%20Court%20Protection.jpg. N.p., n.d. Web. Http://celdf.org/img/original/Matt%20Wuerker%20-