week 1 bus 670 (1).doc

Limited partner the only money you lose is any money

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limited partner the only money you lose is any money that was invested initially if the business were to fail (Seaquist 2012). Tinker & Tailor’s Home Security Service, Inc. (corporation) When referring to a corporation this is much different from a sole proprietorship or a partnership. In this type of business the business is a complete separate entity from its owners. As Seaquist makes clear in the text a corporation assumes full responsibility in the time for any legal action to be filed. As an owner or a shareholder in the business the only liability you are assuming responsibility for is the amount of money you spent to
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3 Running Head: Week 1 Assignment purchase the stock. Tinker & Tailor’s Home Security Service, LLC (LLC) A Limited Liability Company or an LLC is one that’s sort of similar to a corporation. As a part owner you do legally own part of the company but, “Members of the company cannot be held personally liable for the company's debts or liabilities” (Investopedia). So just like in a corporation an investor never really loses out major or can be seriously penalized, they are only risking what they put in. In each of the business types it is essential for the potential investor to ensure they are doing the proper background and research on the company. As stated earlier in the paper a sole proprietorship and a partnership are very similar. The investor invests all of his personal assets
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