What can happen to an entrepreneur who is personally liable for the business? How can an entrepreneur
Question:
What can happen to an entrepreneur who is personally liable for the business? How can an entrepreneur protect himself or herself from personal liability? Say your friend wants to start a business making custom skateboards. Write a memo to your friend explaining the risks involved and suggestions for limiting liability.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
Memo should include reminder that skateboard businesses need liability in...View the full answer
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Entrepreneurship Starting and Operating A Small Business
ISBN: 978-0133935608
4th edition
Authors: Steve Mariotti, Caroline Glackin
Question Posted:
Students also viewed these Business questions
-
What can happen to an entrepreneur who sends an email to his existing clients (with consent) if its subject header is misleading? Can the recipient sue or is it up to law enforcement agencies to...
-
What advice would you give to an entrepreneur who was planning to exit his or her firm?
-
As you might imagine, the chart of accounts for a manufacturing firm would be different from that of a service firm. Not surprisingly, service firms differ so much that software now exists for almost...
-
How does the range of hFE (Fig. 3.23j, normalized from hFE = 100) compare with the range of hfe (Fig. 3.23f) for the range of IC from 0.1 to 10 mA?
-
Derive formula (1), using the generalized multiplication principle and the formula for (nr).
-
Explain why an alternative name for the vertical columns in the periodic table is families.
-
What does a global account manager do? LO.1
-
Ricardos Mexican Restaurant incurred salaries expense of $ 65,000 for 2014. The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax. Of the...
-
act BOOK Show Me How Type of Adjustment Classily the following items as (1) accrued revenue (2) accrued expense, (3) need revenit, or (4) prepaid expert .. Cash received for use of land next month b....
-
1. If you were Ethney, how would you try to conduct yourself at the oil company? Would you act differently from your normal personality? Do you think your approach would be successful? Why? 2. What...
-
If you were to open a clothing store, what do you think would be a reasonable operating ratio for the rent, and why?
-
With a partner, make a list of the technological tools each of you could personally access. Brainstorm how you might combine your resources to create a successful business. Describe in detail how the...
-
1- What are the most appropriate techniques for developing time and budget estimates? 2- Briefly, describe "critical path." Be sure to include in your description how critical path is determined, and...
-
Central States Telecom provides communication services in Iowa, Nebraska, the Dakotas, and Montana. Central States purchased goodwill as part of the acquisition of Sheldon Wireless Company, which had...
-
Shown below is selected information from the financial records of Merris Corporation as of December 31: Required a. Determine which of the above items will appear on the statement of cash flows and...
-
Pippa runs a photographic studio specializing in black and white portrait photography. Clients book a one hour studio session and are entitled to receive two large photographs of their choice from...
-
Sams old friend Dot is considering setting up a business offering historical boating trips along the River Thames. Dot thinks that she may be able to make a good living out of this. She has carried...
-
Arrow Industries employs a standard cost system in which direct materials inventory is carried at standard cost. Arrow has established the following standards for the direct costs of one unit of...
-
In Exercises 6166, discuss the continuity of the function. f(x, y) = (sin(x - y) x - y x = y x = y
-
7. FALSE DILEMMA 8. GANDWAGON Definition: Fallacy example: How to revise argument: Definition: Fallacy example: How to revise argument:
-
Kimberly Smith, a friend of yours, is a freelance journalist. She writes articles on business topics and sells them to business periodicals, newspapers, and online sites. She just read an article...
-
Is a limited liability company an appropriate form of ownership for an aggressive entrepreneurial firm? Why or why not?
-
What might trigger a firms decision to change how it is legally organized?
-
you are analyzing the cost of debt for a firm. Do you know that the firms 14 year maturity, 7.8 Percent coupon bonds are selling at a price of $834. The Barnes pay interest semi annually. If these...
-
***Please answer the following using excel and showcasing the formulas/calculations used*** thank you so much Financial information on AAA Ltd. is shown below. AAA Ltd. Income Statement For the Year...
-
2. In an account Anh Paglinawan currently has $216,670.00. At a rate of 8.00% how long will it take for them to have $298,390.00 assuming semi-annually compounding? (Hint: compute the exact years, do...
Study smarter with the SolutionInn App