The businesses are being litigated for breach of contract

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Reference no: EM1374670

The paper should be two to three pages without title page and references page(s) and formatted according to APA style as outlined in the Ashford Writing Center.

See that you own each of the subsequent businesses-

1) Tinker's Home Security Service (sole proprietorship)

2) Tinker & Tailor's Home Security Service (general partnership)

3) Tinker & Tailor's Home Security Service (LP)

4) Tinker & Tailor's Home Security Service, Inc. (corporation)

5) Tinker & Tailor's Home Security Service, LLC (LLC)

a. The businesses are being litigated for breach of contract. In a chart that doesn't exceed one half of a page compare and contrast your personal liability exposure as a result of the different lawsuits. In one paragraph deliberate how you might limit your liability exposure within each particular business organizational form.

b. Afterward completing the first part of this exercise define one 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. Classify the best business organizational form for the kind of business that you have described, seeing personal liability exposure as well as management, taxation and ease of formation.

Reference no: EM1374670

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