Question
Brother Snow has set up Snowflake Accounting, PLLC, a professional limited liability company. In the course of his work, he misses a large deduction for
Brother Snow has set up Snowflake Accounting, PLLC, a professional limited liability company. In the course of his work, he misses a large deduction for one of his clients, increasing their tax liability by $1million. His client sues seeking damages. Snowflake Accounting, PLLC has bank accounts worth $250k and other personal property assets worth $250k). Brother Snow owns personally an Aston Martin V12 Vantage worth $250k and a family bank account with $250k in cash. The client will be able to collect:
Group of answer choices
Just the assets owned by Snowflake Accounting PLLC.
Everything listed.
Only the business bank account, but not its assets.
Only the Aston Martin.
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