Entrepreneurship:

sole proprietorship

• Owned only by one person
• Ran specifically by one person's ideas
• No conflict with others

Partnership

• Owned by two or more people
• Everyone has equal responsibility
• Ideas can be conjoined

Corporations

• Can receive business loans
• Appears to be more professional
• Shareholders have limited liability

Non-Profit Organization

• Benefits community
• Thrives from donation
• However many owners

EXPENDITURES 

• Start-up cost
• Start-up cost
• Manufacture cost
• Manufacture cost
• Employee payment
• Emp
• Marketing cost

Legalities

• There are a lot of fees
• Business license
• Permits

but, There are disadvantages

Sole Proprietorship 

• Death of owner dissolves business
• Owner assets are at risk
• Unlimited liability

Partnership

• Disagreements
• Partners are bound

Corporation

• Expensive
• Heavily Taxed

Non-profit Organization

• Sometimes, no profit
• No owner benefit

Source:

• Entrepreneurship & Small Business Management
• Copyright in 2006
• McGraw-Hill Companies Inc.