BUS 670 US Constitution

  This paperwork of BUS 670 Partnership Law contains: Partnership Law. Respond to Chapter 40, Problem 1 on the LLC:
Eric Stratum and Terese Brown formed ESTB, L.L.C., a member-managed limited liability company created for the purpose of owning and leasing a residential apartment building. The term of the LLC was 25 years. Their operating agreement provided that each owned 50 percent of the LLC. Stratum contributed $120,000 cash as his contribution to the business. Brown contributed $10,000 cash at the time of the LLC's creation, with the expectation that she would contribute to the LLC with services to be performed in the future. The agreement, however, listed Brown's capital contribution as $10,000 and did not stipulate by how much it should be increased as Brown continued to manage the business. Although Brown was expected to be the primary manager of the business, nothing in the operating agreement gave more power to Brown or removed power from Stratum. For the first two years, Brown did most of the day-to-day management of the LLC. She and Stratum agreed on other actions, including replacing carpeting in apartments and reroofing the building. After two years, Brown claimed she was entitled to a larger share of the LLC's profits. Is she?
Suppose that Stratum responded by appointing his son to manage the LLC along with Brown. May Brown object to Stratum's son managing the LLC?
Suppose the relationship between Stratum and Brown has so deteriorated that she withdraws from the LLC. She demands to receive the value of her interest in the LLC. The LLC has a current value of $500,000. How much must Brown receive? When?
Suppose after she leaves the LLC, Brown purchases a residential apartment building that competes against the LLC. May Stratum prevent Brown from competing with the LLC? Respond to at least two of your fellow students postings.
Business - General Business
 Legal Underpinnings of Business Law . The paper must be two to three pages, excluding title page and references page(s), and formatted according to APA style as outlined in the Ashford Writing Center.

 Imagine 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)

 a. The businesses are being sued for breach of contract. In a chart that does not exceed one-half of a page, compare and contrast your personal liability exposure as a result of the different lawsuits. In one paragraph, discuss how you might limit your liability exposure within each particular business organizational form.

 b. After completing the first part of this exercise, describe one business that you may own some day or that you currently own. (Even if you never plan to own a business, pretend as if you will do so for the purposes of this assignment.) Identify the best business organizational form for the type of business that you have described, considering personal liability exposure as well as management, taxation, and ease of formation.

 Negligent Tort . The paper must be four to five pages, excluding the title page and references page(s), and formatted according to APA style as outlined in the Ashford Writing Center.

 Address all of the following parts of this assignment:

 1. Visit the Consumer P

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