Analyze how you might limit your liability

Assignment Help Business Management

Reference no: EM134397

QUESTION

See 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 as well as 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 experience as an owner

3) Describe a business that you may own some day or that you currently own. Even if you not ever plan to own a business pretend as if you will do consequently for the purposes of this assignment. Analysis the best business organizational form for the business that you have explain, including in your examination personal liability exposure, management, taxation as well as ease of formation

Submit a four-to five-page paper not including title as well as reference pages. Your paper need be formatted according to APA style as outlined in the approved APA style guide as well as you must cite at least three scholarly sources in addition to the textbook

Reference no: EM134397

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