Case Study Ahmad and his friend, A.G. Pennypacker, have come up with a great idea they have developed a fluoroelastomer liner (a rubber lining) for oil tankers. With this innovation, they believe they can eliminate most oil spills that result from tanker accidents. The liner is highly resistant to fluctuations in temperature as well as physical punctures Ahmad wants to set up a company, but is unsure of his options and has come to you for advice for the type of business entity formation he should select. He has the following concerns: 1. He does not want his other business concerns being held liable should there be a lawsuit arising from use/sale of this product. 2. He wants an entity form that will minimize his tax liability. Based on the entity forms detailed in Chapter 35, select one you feel satisfies his concerns. Make sure to explain why it is the best for Ahmad and Pennypacker.

Answers

Answer 1

The option that is going to be the best choice for Ahmad and his friend is the  Limited liability Partnership.

Why the Limited Liability would be the best choice

This is because if the partnership is formed, no partner is going to be liable for the conduct or the negligence of the other person.

Each of the members is not going to be held liable in a way that is more than the share that they have.

The LLP is also going to reduce the tax liability that he has. Therefore this option is the best for him.

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Related Questions

which school is the best Elementary, Middle or High school choose one

Answers

Answer:

I'd say high school

Define Constitution and describe it's important

Answers

Answer:

Importance of a Constitution A constitution is relevant to maintaining the structure and framework of a country or organization. One cannot overlook the relevance of a constitution to a nation because they play significant roles and stand as laws governing the nation.

Explanation:

NOUN

a body of fundamental principles or established precedents according to which a state or other organization is acknowledged to be governed:

the basic written set of principles and precedents of federal government in the US, which came into operation in 1789 and has since been modified by twenty-seven amendments.

I will give brainliest if your correct.

Answers

Answer d

Explanation:

D: A democracy is where the people make chocies not powerful people.

Which form of media is also a public forum?

Answers

examples of designated public forums include municipal theaters and meeting rooms at state universities.

What is the difference between an open peril and a named peril?

A. A open peril is not excluded in the policy.
B. An open peril can be a named peril.
C. A named peril is limited to open perils.
D. The amount of coverage for each is different.

Answer is A.

Answers

Answer is A so there you go

T/F In doing a search incident to an arrest, police may only pat-down the outer clothing.​

Answers

Answer:

True

Explanation:

They can only do things with a warrant, or if they have suspicion. But they can do a pat-down on the outer-clothing.

I hope it helps! Have a great day!

pan~

Answer:

True

Explanation:

It is true that they police can only do a pat-down in a search incident to an arrest.


I hope it helps! Have a great day!

Anygays-

You have decided you want to be a public defender. How do you decide if it is right for you? Check all that apply.

Answers

Answer: What are the boxes to check?

Explanation: then i can answer

Why was the food safety modernization act passed? check all that apply.

Answers

The purposes of the Food Safety Modernization Act were:

Many citizens are in danger of contracting a food-borne illness.More people are living with chronic illnesses.Pathogens are becoming stronger and harder to defeat.

What is the Food Safety Modernization Act?

The Food Safety Modernization Act was enacted to prevent food-borne illnesses and ensure food safety.

The Food Safety Modernization Act overhauled food production regulations, giving the Food and Drug Administration (FDA) more authority in overseeing and enforcing food supply chains.

Thus, the Food Safety Modernization Act prevents food-related problems from arising from the production stage to the consumption stage.

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Which consumer protection law specifically provides for punitive damages?.

Answers

Consumer Case Procedure Act B.E. 2551 (2008)

The meaning of Threat of power​

Answers

The Power Threat Meaning Framework is a novel way of looking at why people can have feelings of pain, perplexity, dread, despair, and disturbed or troubling behavior.

The purpose of state workers’ compensation laws is to establish an administrative process for compensating workers for.

Answers

The state workers’ compensation laws establishes an administrative process for compensating workers for injuries that arise in the course of employment.

Who is a worker?

A worker refers to an individual who is employed by an employer of labor in a business firm on a contract (part-time) or full-time basis, so as to perform specific tasks, duties or functions on a daily basis based on an agreed fee.

Across the world, the purpose of state workers’ compensation laws is to help establish an administrative process and standard policies for compensating workers for any injury that arise while performing their tasks, in the course of employment, regardless of fault.

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Answer:

The state workers’ compensation laws establishes an administrative process for compensating workers for injuries that arise in the course of employment.

Explanation:

In what way do modern correctional facilities differ from those of the past, such as penitentiaries and reformatories?

A. They only house violent criminals.
B. The idea behind them is to rehabilitate inmates.
C. The purpose behind them is to punish inmates for their crimes.
D. Inmates sent to modern correctional facilities can buy their way out.

Answers

The modern correctional facilities differ from those of the past because the idea behind them is to rehabilitate inmates.

What is a correctional facilities?

This is formerly known as Prison which harbour criminal, but today, it is a facility intended to rehabilitate inmates who have been accused of a crime and sentence to confinement.

Hence, thesecorrectional facilities differ from those of the past because the idea behind them is to rehabilitate inmates.

Therefore, the Option A is correct.

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Answer:

the correct answer is B. the idea behind them is to rehabilitate inmates

Explanation:

i got it right on the test.

What restrictions apply to the sentencing of a death penalty?

Answers

Answer:

Article 6(5) of this international human rights doctrine requires that the death penalty not be used on those who committed their crimes when they were below the age of 18. However, in doing so the U.S. reserved the right to execute juvenile offenders.

The Court held in Ford v. Wainwright 168 that the Eighth Amendment prohibits the state from carrying out the death penalty on an individual who is insane, and that properly raised issues of sanity at the time of execution must be determined in a proceeding satisfying the minimum requirements of due process.

The death penalty is usually imposed in homicide cases where the circumstances of the crime are particularly egregious.

Explanation:

which of the following is an example of public policy outcome?

a. the creation of a program to combat drug trafficking
b. the passage of the affordable care act
c. the passage of tax cuts during the George w. bush administration
d. all of the above ​

Answers

Answer:

The answer is C. Have a nice day/night!

The passage of tax cuts during the George w. bush administration of the following is an example of public policy outcome. The correct option is C.

What was the outcome of George HW Bush's promise to not raise taxes?

Bush negotiated with Congress for a budget that fulfilled his commitment, but he was unable to reach an agreement with the Senate and House which were under Democratic control. Bush consented to a compromise as part of a 1990 budget deal that increased the number of already-existing taxes.

The Economic Growth and Tax Relief Reconciliation Act was put forth and signed by President Bush. With the help of this legislation, all Americans who pay income taxes will have their tax rates reduced, and a new tax bracket of 10% will be established. by 2010 increase the child tax credit by twofold, to $1,000.

Thus, the ideal selection is option C.

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What is a word processor? A. Searches the Internet for documents that contain a key phrase that the user enters B. Organizes and categorizes information in a way that it can be accessed easily C. Stores changes, and formats text typed using a keyboard; text can be saved into a computer document and printed D. Distributes information electronically from one computer user to one or more recipients through a network ​

Answers

What is a word processor?

A. Searches the Internet for documents that contain a key phrase that the user enters

B. Organizes and categorizes information in a way that it can be accessed easily

C. Stores changes, and formats text typed using a keyboard; text can be saved into a computer document and printed

D. Distributes information electronically from one computer user to one or more recipients through a network

If a minor (age 13 to 20) is convicted of using alcohol or a controlled substance while operating a vehicle, the court will order the suspension of their driver license for ____.

Answers

Answer:

10 days

Explanation:

Which of the following describes the Digital Millennium Copyright Act (DMCA)? A. Increases penalties set in the Computer Fraud and Abuse Act B. Has been modified a number of times to keep up with changes in technology C. Aims to protect copyrights on digital technology D. Makes it illegal to intercept private information through email​

Answers

The best description of the Digital Millenium Copyright Act is that it C. Aims to protect copyrights on digital technology.

What is the Digital Millenium Copyright Act?

It is an Act by the U.S Congress that aims to protect digital works that are copyrighted.

Enacted in 1998, it helps protect digital works by making it a criminal offense to distribute copyrighted material.

In conclusion, option C is correct.

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question that follows.
Ty just received a job offer in a new city. He is married with two small children. He and his wife go to visit the city
and find a place to live. Their children will be in school in a few years. While on the trip, they visit a beautiful
public park for the kids. They encounter one type of tax when they buy a few souvenir T-shirts: the shirts are on
sale for $10, but Ty ends up paying $11.00 after the sales tax is added. Later, they encounter a second type of
tax. When Ty and his wife meet with their real estate agent, the agent tells them that the property taxes they will
pay on their new home are higher than the taxes on their old home. However, the agent says the government
funds the schools in the area well, and the schools are high quality.
What are the costs and benefits of the taxes that Ty and his wife experienced on this trip?
BI U x X,
15px
A 2
Characters used: 0 / 15000
DELL

Answers

Answer:

Example answer

Explanation:

Ty and his wife paid a sales tax on the T-shirts they bought. That money probably helps fund the public park they visited. Similarly, they will pay money to the government in the form of property taxes, and some of that money will fund the local schools.

11. If the Governor leaves a passed legislative bill on his desk for 15 days
(Sundays excluded) without signing it, is it law?
a. Yes
b. No

Answers

Yes is the correct answer

What sort of case would be held first at a state court?
Select one:
a. Video game pirating
b. Child custody argument
c. Treason
d. Bankruptcy declaration

Answers

Answer:

C

Explanation:

Treason is very illegal and betraying for a country, and should be dealt with first.

Answer:

The Correct Answer is C. Treason.

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The state of texas has placed caps on noneconomic damages in medical malpractice causes of action. This type of limitation on damages is.

Answers

Answer:

The state of Texas has placed caps on noneconomic damages in medical malpractice causes of action. This type of limitation on damages is.. infliction of emotional distress. The members of the City High soccer team have been training with Hanson, a personal trainer who charges by the hour, for several years.

What types of issues can be raised on appeal?

Answers

Answer:

Incorrect Evidentiary Ruling. ...

Motion to Suppress Evidence. ...

Motion to Suppress a Statement. ...

Lack of Sufficient Evidence. ...

Prosecutorial Misconduct. ...

Inadequate Representation. ...

Incorrect Jury Instructions. ...

Juror Misconduct.

Explanation:

yea

Which of the following does NOT
result in a driver license suspension?

Answers

Answer:

could you show the answers please?

What area of civil law involves the awarding of economic damages to compensate for these types of harms?.

Answers

The area of civil law that involves the awarding of economic damages to compensate for these types of harms is known as law of tort.

What is a Civil Suit?

This refers to the legal charge that is made by a complainant against a defendant for some perceived or actual harm to his person and/or his character.

Hence, we can see that in these civil suits, usually lead to financial settlements after a determination of guilt, and then an adequate compensation is calculated and this area of civil law is known as the law of tort.

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Which law was designed to curtail some of the powers unions had acquired under the wagner act?.

Answers

Labor Management Relations Act was designed to curtail some of the powers unions had acquired under the wagner act.

What is Labor Management Relations Act?

Labor Management Relations Act serves an act by Congress that was set to protect the rights of employees and employers.

Therefore, this law encourage collective bargaining, and to curtail certain private sector practice.

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People agree about how the government
should spend its money.
true or false ?

Answers

Answer:

False

Explanation:

Tons of people have different opinions and thats why we have different polictical parties.

why am i going to prison i am only 17 years old i got 20 years

Answers

A 17-year-old person can be sentenced to 20 years for committing one of the most serious crimes.

What is a heinous crime?

A heinous crime is a misconduct that involves some form of personal injury or death committed by a minor who has passed the age of discretion.

Some of the most prominent crimes that attract a long sentence in jail include:

M.rderForcible r.peS.xual assaultR.bberyFirst-degree ars.n.

Thus, a  17-year-old person can be sentenced to 20 years for committing one of the most serious crimes, especially when it results in serious injury or death.

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1. The legislature can vote on the final passage of legislation in secret.
a. True
b. False

Answers

Answer:

B. False

Explanation:

Senate takes final vote on legislation.

Bicyclists should use their arms to signal to other motorists when they are going to make a turn, or when they are slowing or stopping.

Answers

Answer:

bicycles should be given lights that use a dynamo to power

Explanation:

these lights can help to give signals to other motocyclists

Answer:

Explanation Bicycles do not have turn signals so bicyclists use hand and arm signals to alert other drivers to their intentions. If a bicyclist puts their left arm straight out, they are signaling that they intend to turn left.

Explanation:

what are your thoughts regarding the future of justice in the United States?

Answers

The future of Justice in the United States will be about the promotion of justice in pre trial services and practices.

What is justice?

It should be noted that justice simply means the prices of using laws to fairly judge people.

In this case, the future of Justice in the United States will be about the promotion of justice in pre trial services and practices. Also, there'll be enhancement of prosecutional integrity.

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Roles which are not formally assigned to group members and are rarely even acknowledged by the group are called Une journe dans ma vie make 5 sentences In the present tense using at least one ER, IR and RE verb as well as at least one irregular verb What is linear perspective? a. a critical approach an artists takes b. an artistic interpretation c. a method artists use to create the illusion of space d. a method that uses only black pencil lines PLS HELP ASAP THANKS ILL GIVE BRAINLKEST A jar has 28 cherry-flavored candies, 18 strawberry-flavored candies, and 20 orange-flavored candies. If a piece of candy is taken from the jar at random, what is the probability that it will be strawberry-flavored candy?Group of answer choices10/331/2014/333/11 HELPPPPPPPAll of the following were results of European colonization of Central Africa except _____. " A) Africans were forced to work on plantations. B) Europeans controlled the government of Central Africa. C) European countries made little economic gain from the colonies. Eliminate D) Millions of Africans died in the Congo due to mistreatment Select the correct answer.Simplify the expression. Help! please last question im going to a behavior health hospital (mental hospital) in a few hours but they cant fint a bed so ill be at the reg hospital for a while wish me luck yall :) hopefully i dont go to rtc again I need help plsss .............. what is the author main purpose on writing 2,000 year old homework What integer best representsa withdrawal of $85? WILL MART BRAINLIST !!!Which of the following is a synonym for the word overt?A understatedB obviousC dishonestD nervous Jonny's bedroom has an area of 90 square feet. What might the length and width of his bedroom be 4. Find the value of h, rounded to the nearest tenth.6.77.56.36.5 How does recycling save our environment what is the perimeter of a rectangular playground 30 m long and 24 m wide I NEED HELP WITH NUMBER 7 Why do conservation efforts focus on biodiversity hotspots?. - 10 < 11How to solve Why did Stalin use a policy like russification