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Learning Goal: I’m working on a law multi-part question and need an explanation

by | Apr 27, 2022 | Law | 0 comments

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Learning Goal: I’m working on a law multi-part question and need an explanation and answer to help me learn.Case Study Ahmad and his friend, A.G. Pennypacker, have come up with a great
idea: they have developed a fluoroelastomer liner (a rubber lining) for
oil tankers. With this innovation, they believe they can eliminate most
oil spills that result from tanker accidents. The liner is highly
resistant to fluctuations in temperature as well as physical punctures.Ahmad wants to set up a company, but is unsure of his options and
has come to you for advice for the type of business entity formation he
should select. He has the following concerns: He does not want his other business concerns being held liable should there be a lawsuit arising from use/sale of this product. ( 200 words )
He wants an entity form that will minimize his tax liability.
Based on the entity forms detailed in Chapter 35, select one you
feel satisfies his concerns. Make sure to explain why it is the best for
Ahmad and Pennypacker.( 200 words ) References Action Items Read the case study above.
By the due date, submit your answers to the case study questions. Justify your answers.

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