Imagine that you own each of the following businesses:

Tinker’s Home Secuity Service (sole proprietorship)

Tinker & Tailor’s Home Secuity Service (general partnership)

Tinker & Tailor’s Home Secuity Service (LP)

Tinker & Tailor’s Home Secuity Service, Inc- (corporation)

Tinker & Tailor’s Home Secuity Service, LLC (LLC)

The businesses are being sued for breach of contract- Create a matrix that lists each
business, and compare and contrast you personal liability exposu’e 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 curently own- (Even if
you never plan to own a business, pretend as if you will do so for the puposes of this
assignment-) Examine the best business organizational form for the business that you
have described, including in you’ examination personal liability exposu’e,
management, taxation, and ease of formation-