Individual liability exposure Business & Marketing Essay (Essay Sample)

INDIVIDUAL LIABILITY EXPOSURE
Student’s Name
Institution Affiliation
Professor
Date
Introduction
The benefit of possessing a business object has a big necessity that brings a chance to provide a variety of services to the society there being products as well as job constancy that contributes to family income and nation economic development. These advantages, if not managed properly, they pose limitations and immense accountability that can expose a business to lawful issues. This paper focuses on lawful issue by forming a medium that outlines every business and contrasts the individual accountability exposure from the lawsuit; analyzes how business owner can bound their accountability exposure each business object; defines a business that one can own in the future or presently as well as investigates the best structural method with individual liability exposure, administration, tax policy and information ease for the business.
Business Medium
Business Name

Business Type

Accountability Exposure

Tinker’s Home Security Service

Single Ownership

Individually Accountable

Tinker & Tailor’s Home Security Service

Overall Partnership

Cooperatively Accountability

Tinker & Tailor’s Home Security Service

Limited Partner (LP)

Limited Accountability

Tinker & Tailor’s Home Security Service, Inc.

Corporation

Corporate Accountable