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magine that you own each of the following businesses:
Tinkerâ€s Home Security Service (sole proprietorship) Tinker
& Tailorâ€s Home Security Service (general partnership) Tinker
& Tailorâ€s Home Security Service (LP) Tinker & Tailorâ€s
Home Security Service, Inc. (corporation) Tinker & Tailorâ€s
Home Security Service, LLC (LLC)
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.
For each business entity, analyze how you might limit your
liability exposure as an owner. Describe a 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.) Examine the best business organizational form for
the business that you have described, including in your examination
personal liability exposure, management, taxation, and ease of
formation. Submit a four- to five-page paper (not including title
and reference pages). Your paper must be formatted according to APA
style as outlined in the approved APA style guide and you must cite
at least three scholarly sources in addition to the textbook.
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