Legal Underpinnings of Business Law

at
Categories
Tags

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)

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.

Sample Solution

products and services, shell Indonesia has opened up many fast flowing pumps. It also promotes very activities for community and peoples working in it.

Shell Australia: Shell Australia came into existence in 1901 and Perth has its Headquarters.

Shell operations in Australia: It primarily deals with the exploration and production of oil and gas and aviation fuel. Its functions also include sale of liquefied natural gas to the western Australia and liquefied petroleum gas to other markets. Generally, about one thousand flights a day gets fuels from here.

Shell’s Organisational design for its subsidiaries: Shell Indonesia’s organisation structure is divided into three steps: upstream, downstream and project & technology

Upstream: Upstream business includes extraction of crude oil, natural gas, conversion of natural gas to liquids and then sale of these. It also includes production of electricity from wind power.

Units of Upstream Business: There are two organisational sections that are

1 Upstream America: Whole America comes under this section.

2 Upstream International: Whole of the world except America comes under second section.

Downstream: Refined products are manufactured here by converting crude oil. For this shell has established their manufacturing unit to get energy products and marketing unit to sell these products.

Project and Technology: These centres are established across countries to support the upstream and downstream businesses technically. These also provide technological capabilities.

This question has been answered.

Get Answer