BUS 670 Week 4 Legal and Ethical Issues

Topics: Law, Corporation, Business Pages: 3 (656 words) Published: October 27, 2014

This file contains BUS 670 Week 4 Legal and Ethical Issues for IT Practitioners Business - General Business
Legal Underpinnings of Business Law . The paper must be two to three pages, excluding title page and references page(s), and formatted according to APA style as outlined in the Ashford Writing Center.

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)

a. The businesses are being sued for breach of contract. In a chart that does not exceed one-half of a page, compare and contrast your personal liability exposure as a result of the different lawsuits. In one paragraph, discuss how you might limit your liability exposure within each particular business organizational form.

b. After completing the first part of this exercise, describe 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.) Identify the best business organizational form for the type of business that you have described, considering personal liability exposure as well as management, taxation, and ease of formation.

Negligent Tort . The paper must be four to five pages, excluding the title page and references page(s), and formatted according to APA style as outlined in the Ashford Writing Center.

Address all of the following parts of this assignment:

1. Visit the Consumer Product Safety Division website. Click on “Consumer Safety,” and then click on “Recalls.” Choose one product that has been recalled.

a. Identify the product subject to recall.

b. Dete...

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