Tony is a sole proprietor who owns 40 cabs doing business in Chicago under the name of Tony’s Cabs. The company’s total net worth is over one million dollars and Tony has personal assets totaling \($800,000.\) Tony’s lawyer recently formed four corporations. Tony is the sole shareholder of each corporation. Under Tony’s instruction, his lawyer transferred 10 cabs into each corporation. The cabs were owned originally by Tony and used in his previous business, Tony’s Cabs. A week after the four corporations were formed, a passenger was riding in a cab owned by one of the corporations and sustained serious injuries when the cab driver negligently smashed into another vehicle. A police investigation determined that the cab driver was operating the cab under the influence of drugs and alcohol. The passenger plans to sue the corporation and its sole shareholder, Tony, for \($10\) million. Discuss the ethical implications of the decision to form four corporations and transfer the assets of “Tony’s Cabs” into these newly formed corporations. Walkovsky v. Carlton,