Personal liability exposure

Assignment Help Other Subject

Reference no: EM13794714

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.

Reference no: EM13794714

Questions Cloud

How to extract dna from anything living : How to Extract DNA from Anything Living - Read and review the information and perform the experiment

What is the temperature in c of the balloon : A 35 L tank of oxygen is at 315 K with an internal pressure of 190 atmospheres. Howmany moles of gas does the tank contain?A balloon that can hold 85 L of air is inflated with 3.5 moles of gas at a pressure of 1.0 atmosphere. What is the temperature ..

Republican and democratic policies : Differentiation between Republican and Democratic policies and politics in Virginia AND the impact of those policies on Virginia's economy pertaining to education funding from 1800 - 1900

Explain market value of equity : What are the factors that likely explain the difference between Microsoft's market value of equity and its reported book value of equity

Personal liability exposure : 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.

What values were prioirtized : After reading Bates v. Dow Agrosciences, the Supreme Court clearly preferred some values over others. What values were prioirtized; which were secondary? Also, did you agree with the Court's ruling and reasoning?

Attributes of the entities that are unique to each entity : Identify the various entities and their attributes involved in the application and identify the attributes of the entities that are unique to each entity.

What defenses to product liability might porter : Shalene Kolchek bought a Great Lakes spa from Val Porter, a dealer who was selling spas at the state fair. Kolchek signed an installment contract; then Porer and Kolchek arranged for the spa to be delivered and installed to her the next day

Compare the gaap and non-gaap data and discuss their impact : Compare the GAAP and Non-GAAP data and discuss their impact on the financial statements. Which method best reflects the economic reality

User Account

All Pages