Issue related to liability protection

Assignment Help Other Subject
Reference no: EM13766424

You have a good friend named Frank who is planning to form a new business. He comes to you for advice. He is a Christian, and he wants to obey God in the operation of his business. He is concerned as to whether Christians should attempt to minimize their tax burdens, after all, "Render unto Caesar that which is Caesar's," right? Further, he is concerned as to what liability protection really means and whether a Christian should use an entity that provides for liability protection. He fears that by using such an entity he might be shirking his personal responsibilities. In order to help Frank with his decision, answer the following questions:

1.Define what is meant by the concepts of limited liability, and/or liability protection. From the perspective of a Christian worldview, is it wrong for a business owner to use a business organization form that provides for liability protection?

2.From the perspective of a Christian worldview, is it wrong for a business to try to minimize its overall tax burden?

Reference no: EM13766424

Questions Cloud

Similarities between theory and hypothesis : Is any one type of theory more valid than the others? Why or why not? What are the differences and similarities (if any) between theory and hypothesis
Write a c++ program to check a number is even or odd : Write a C++ program to check whether a number entered by user is even or odd.
Write a paper on play a midsummer night dream by shakespeare : Write a paper on play A Midsummer Night Dream by Shakespeare. Make an arguement of 900 to 1200 words for why we laugh "at" the "mechanicals" rather than "with" them.
Discuss what makes this an ethical dilemma : Discuss what makes this an ethical dilemma. 2) Discuss the implications of this study in terms of the moral principles described in chapter 1. Respect for persons: Did the hospital/ physicians allow the parents to be autonomous in their decision-m..
Issue related to liability protection : From the perspective of a Christian worldview, is it wrong for a business to try to minimize its overall tax burden?
Discuss the principle determinants of the cdcs decision : From a risk assessment perspective, discuss the principle determinants of the CDC's decision to recommend full-scale manufacture of, and immunization of the public with a vaccine specifically developed for a swine-flu virus
Finance the rest at a lower interest rate : A buyer thinks he can come up with a down payment of $1,300 per acre and he hopes to finance the rest at a lower interest rate. Approximately how low must the interest rate be for the net profit of $150 per acre to meet the loan payments on a loan of..
Expected rate of return is less than required rate of return : If the expected rate of return is less than the required rate of return, should you buy the stock? If you already own the stock, should you keep it or sell it?
Evaluate newspaper or magazine articles : Aims to provide association between what you learn from economic models and concepts in class with real-life events happening around you.

Reviews

Write a Review

Other Subject Questions & Answers

  General descriptions of various operating systems

I have an IT IP Project due tonight and don't really have time to work on it due to my work schedule if someone could please help me out it'd be greatly appreciated! Below is the project assigment!

  What accounts for the negative correlation

For women age 25 and over in the U.S. in 2005, the relationship between age and educational level (years of schooling completed) can be summarized as follow: average age=50years, SD=16years average ed. level=13.2years, SD=3.0years, r=-0.20 True or..

  Hispanic ethnic group

According to the research, do you think that the learning techniques proposed in this discussion is appropriate for the Hispanic ethnic group? Explain your reasoning.

  For past seven years zip-6 has been produced and sold in

for the past 7 years zip-6 has been produced and sold in south korea through a licensing agreement with the korean

  Consider how free speech supports right to circulate goods

Consider how free speech supports the right to circulate goods, services, and images in the marketplace. In addition, consider how free speech in advertising has raised concerns about advertising manipulation, especially with regard to children, ..

  Define the concepts of new imperialism and colonialism

Define the concepts of “New Imperialism” and “colonialism” and analyze them in terms of motives, their methods, and their place in the development of the world economy? How was this new imperialism different from the previous European expansion?

  Use this link to watch a video of president obama

httpconstitutioncenter.orgamoreperfectunionuse this link to watch a video of president obama delivering this address.

  A cryptographer once claimed

A Cryptographer once claimed that security machanisms other than encryption techniques were unnecessry because encryption could provide any desired level of confidentiality and integrity. Justify / Refute ?

  Critical issues for terri schiavo ethics committee

If you were the CEO of the organization which cared for Terri Schiavo, what issues were most critical for the ethics committee? What are some of the legal and moral implications of physician-assisted suicide?

  How much interest will the customer pay

Based on that Would the cost to lease the equipment acquired above for five years be more, less, or the same amount as spent purchasing it under the terms described?

  Contemporary culture in kenya

Describe a typical day in your life and the challenges you face due to the unique geographical and political situation in your city or town.

  Receiving end of behavioral approaches

What experience have you had on receiving end of behavioral approaches? What is the difference between positive and negative reinforcement? Is either effective? Why or why not?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd