LawTakehomefinal - Andy Voltin Take home Final A...

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Andy VoltinTake home FinalA) Partnership-They share the assets and profits, as well as the liabilities Limited Partnership-cannot participate in the management, no liability for partnership obligationsbeyond their capital contributions, they do receive a share of the profits for their involvement as limited partners.LLC-several features that create favorable tax treatments over partnerships but still taxed harder than S-corp, as well as protection from personal liability.C-corp-Venture Capital, no control, strict governance. S-corp-Strick formation rules, All owners must be US Citizens. No more than 100 Owners. no retained earnings, great with taxes. venture capitalB)Whether Dolly is liable damages to Molly’s leg and career because of negligence when maintaining her property for conducting business on said property. C) 1How Dolly is responsible for the upkeep and safety of her business front, 2 the business front was dangerous, the sprinkler was broken because someone stepped on it before, 3Digging of the hole to replace the sprinkler 4) Molly stepped 5) that broke her leg which she needed surgery forD) Compensatory damagesE)Negligence on Molly’s part 1)molly is a professional walker (runway model) and she gets paid

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