Reference no: EM13818298
Legal Underpinnings of Business Law
Imagine that you own each of the following businesses:
Tinker's Home Security Service (sole proprietorship)
Tinker & Tailor's Home Security Service (general partnership)
Tinker & Tailor's Home Security Service (LP)
Tinker & Tailor's Home Security Service, Inc. (corporation)
Tinker & Tailor's Home Security Service, LLC (LLC)
1. The businesses are being sued for breach of contract. Create a matrix that lists each business, and compare and contrast your personal liability exposure as an owner as a result of the lawsuit.
2. For each business entity, analyze how you might limit your liability exposure as an owner.
3. Describe a business that you may own some day or that you currently own. (Even if you never plan to own a business, pretend as if you will do so for the purposes of this assignment. The business I am thinking of and I have some familiarity to is an Assisted Living for the Elderly.) Examine the best business organizational form for the business that you have described, including in your examination personal liability exposure, management, taxation, and ease of formation.
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Budgets and other financial information
: Wild Wood Company's management asks you to prepare its master budget using the following information. The budget is to cover the months of April, May, & June 2014
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Basic findings about for-profits
: Which one of the following basic findings about for-profits is not true? Below is the list of the most important risks an investor must evaluate when projecting an HMO’s profitability. Which option does not belong to this list? Agency problems would ..
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Define project risk and change management
: Project Risk and Change Management and Project Management Techniques Employed. This report should include a project history of your recent Trillo Apparel Company District 4 Production Warehouse Move experience over the last five weeks.
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Capital separate from earned capital
: 1. Why is it important to keep paid-in capital separate from earned capital? 2. As an investor, is paid-in capital or earned capital more important? Explain why.
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Analyze how you might limit your liability exposure as owner
: Analyze how you might limit your liability exposure as an owner. Describe a business that you may own some day or that you currently own.
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For-profit firms make up the bulk of hospital organizations
: Since no one party owns a not-for-profit hospital, physicians really own the hospital’s business. Consumer cooperatives have a long and successful history in development of the HMO. For-profit firms make up the bulk of hospital organizations.
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Deer valley-accounting problem
: Deer Valley Lodge, a ski resort in the Wasatch Mountains of Utah, has plans to eventually add five new chairlifts. Suppose that one lift costs $2 million, and preparing the slope and installing the lift costs another $1.3 million.
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Different rates for different types of transport
: The owner believes she can set up different rates for different types of transport. The types of transport are Basic, Intermediate, and Intensive. Below is her estimate of the volume that can be generated annually:
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Problem between the client and the account executive
: Briefly explain what the process is and why it fits the stated business problem - Select what you believe to the best creative process for this situation.
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