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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

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