4. E ASY AND INEXPENSIVE TO CREATE E ASY AND INEXPENSIVE TO CREATE O WNER RECEIVES ALL PROFITS O WNER RECEIVES ALL PROFITS L EAST REGULATED FORM OF OWNERSHIP L EAST REGULATED FORM OF OWNERSHIP B USINESS PAYS NO TAXES. O WNER PAYS A PERSONAL INCOME TAX, WHICH IS A LOWER RATE. B USINESS PAYS NO TAXES. O WNER PAYS A PERSONAL INCOME TAX, WHICH IS A LOWER RATE. D ISADVANTAGES U NLIMITED LIABILITY U NLIMITED LIABILITY F ULL RESPONSIBILITY FOR ALL DEBTS F ULL RESPONSIBILITY FOR ALL DEBTS O WNERS PERSONAL ASSETS ARE AT RISK O WNERS PERSONAL ASSETS ARE AT RISK M AY HAVE INSUFFICIENT SKILLS M AY HAVE INSUFFICIENT SKILLS U PON DEATH, THE BUSINESS DISSOLVES U PON DEATH, THE BUSINESS DISSOLVES

6. I NEXPENSIVE AND EASY TO CREATE I NEXPENSIVE AND EASY TO CREATE S HARE IDEAS, ABILITIES, AND FINANCIAL OBLIGATIONS S HARE IDEAS, ABILITIES, AND FINANCIAL OBLIGATIONS O WNERS PAY TAXES AS PERSONAL INCOME O WNERS PAY TAXES AS PERSONAL INCOME D ISADVANTAGES D IFFICULTY IN DISSOLVING PARTNERSHIP D IFFICULTY IN DISSOLVING PARTNERSHIP P ERSONALITY CONFLICTS P ERSONALITY CONFLICTS P ARTNERS ARE HELD LIABLE FOR EACH OTHER ’ S ACTIONS P ARTNERS ARE HELD LIABLE FOR EACH OTHER ’ S ACTIONS

8. S EPARATE LEGAL ENTITIES FROM OWNERS S EPARATE LEGAL ENTITIES FROM OWNERS P ERPETUAL E XISTENCE P ERPETUAL E XISTENCE S HAREHOLDER ’ S LIABILITY IS LIMITED TO AMOUNT INVESTED S HAREHOLDER ’ S LIABILITY IS LIMITED TO AMOUNT INVESTED D ISADVANTAGES E XPENSIVE TO START AND REQUIRES A LOT OF LEGAL PAPERWORK - M UST HIRE ATTORNEYS E XPENSIVE TO START AND REQUIRES A LOT OF LEGAL PAPERWORK - M UST HIRE ATTORNEYS O WNERS ARE SEEMINGLY DOUBLE - TAXED O WNERS ARE SEEMINGLY DOUBLE - TAXED B USINESS PROFITS ARE TAXED AT A HIGHER RATE O WNER ’ S INCOME FROM THE BUSINESS IS TAXED AS PERSONAL INCOME

9. M OST COMMON FOR LARGE BUSINESSES M OST COMMON FOR LARGE BUSINESSES S HAREHOLDERS ARE OWNERS OF CORP. S HAREHOLDERS ARE OWNERS OF CORP. R EQUIRED TO HAVE AN ELECTED B OARD OF D IRECTORS TO MAKE DECISIONS R EQUIRED TO HAVE AN ELECTED B OARD OF D IRECTORS TO MAKE DECISIONS E MPLOYEE BENEFITS E MPLOYEE BENEFITS S-C ORPORATION O WNERS OF SMALLER COMPANIES - LIABILITY PROTECTION OF A CORP., BUT AVOID DOUBLE TAX O WNERS OF SMALLER COMPANIES - LIABILITY PROTECTION OF A CORP., BUT AVOID DOUBLE TAX P ROFITS ARE TAXED ONCE AT SHAREHOLDER ’ S PERSONAL TAX RATE S HAREHOLDERS LIABLE TO AMOUNT INVESTED F OUNDERS GENERALLY HOLD MAJORITY OF STOCK

11. C OPYRIGHT IS A FORM OF PROTECTION PROVIDED BY THE LAWS OF THE U NITED S TATES TO THE CREATORS OF " ORIGINAL WORKS " INCLUDING LITERARY WORKS, MOVIES, MUSICAL WORKS, SOUND RECORDINGS, PAINTINGS, PHOTOGRAPHS, SOFTWARE, LIVE PERFORMANCES, AND TELEVISION OR SOUND BROADCASTS. T HIS PROTECTION IS AVAILABLE TO BOTH PUBLISHED AND UNPUBLISHED WORKS.