Address the following in a 5-7 page paper: Research the different types of business organization formations and determine which is best to avoid liability when starting your own accounting firm. Support your determination with evidence.

May 1, 2023May 1, 2023 Discipline: Accounting

Using your textbook address the following in a 5-7 page paper:

  1. Research the different types of business organization formations and determine which is best to avoid liability when starting your own accounting firm. Support your determination with evidence.
  2. Compare and contrast the fiduciary duties partners owe to each other in a limited liability partnership. Include an example of how each can be breached and explain how the Systematic Approach is best when facing an ethical dilemma.
  3. Examine the Business Judgment Rule and the holding in the case of [Rosati v. Rosati] 2021 U.S. Dist. LEXIS 155794, 2021 WL 3666432, and explain your understanding of the facts of the case and the decision by the district court. Provide specific examples of how the Business Judgment Rule helps to protect decisions by corporate officers.
  4. Use at least three quality sources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment.
  5. This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions.

Resources

  • Roger L. Miller. 2018. Business Law: Text & Cases – Commercial Law for Accountants.
  • United States District Court for the Northern District of Illinois, Eastern Division. 2021. Rosati v. Rosati. https://advance-lexis-com.libdatab.strayer.edu/api/document?collection=cases&id=urn:contentItem:63DB-5GR1-JXG3-X2R1-00000-00&context=1516831
  • Bernard S. Sharfman. Fall 2017. The Importance of the Business Judgment Rule. https://advance-lexis-com.libdatab.strayer.edu/api/document?collection=analytical-materials&id=urn:contentItem:5RW0-W9W0-02C9-B19B-00000-00&context=1516831

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