Legal Underpinnings of Business Law

Legal Underpinnings of Business Law*** Original work pls* Plagiarism free****answer each bullet and label work with complete paragraphs( must be at least 4 to 5 sentences)***Make sure you create a matrix for bullet 1Imagine that you own each of the following businesses:Tinker’s Home Security Service (sole proprietorship)Tinker & Tailor’s Home Security Service (general partnership)Tinker & Tailor’s Home Security Service (LP)Tinker & Tailor’s Home Security Service, Inc. (corporation)Tinker & Tailor’s Home Security Service, LLC (LLC)The businesses are being sued for breach of contract.Create a matrix that lists each business, and compare and contrastyour personal liability exposure as an owner as a result of thelawsuit. For each business entity, analyze how you might limit your liability exposure as an owner.Describe a business that you may own some day or thatyou currently own. (Even if you never plan to own a business, pretendas if you will do so for the purposes of this assignment.) Examine thebest business organizational form for the business that you havedescribed, including in your examination personal liability exposure,management, taxation, and ease of formation.Submit a four- to five-page paper (not including title andreference pages). Your paper must be formatted according to APA styleas outlined in the approved APA style guide and you must cite at leastthree scholarly sources in addition to the textbook.Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.