Liability Exposure Within Multiple Businesses - 2113 Words

Liability exposure within multiple businesses, There are personal risk of exposure to liability this is considerably high; the sole proprietor assumes unlimited personal liability for the breach of contract lawsuit and, under this business entity, puts all personal assets at risk for the sake of the organization itself. Liability had to deal with certain responsibilities of one party or a group of an organization that deal with financial compensation. A sole proprietorship is a business or business owned and operated by one individual ((Mancuso, 2014). There is limited partnership, this is being sued for breach of contract, there is personal risk of exposure to liability, it can be moderate to a general partnership, this can mean property, now, severe liability can mean individual property that is levied on once partnership property that has been exhausted . Liability is not always based intentional actions or even being negligence, sometimes liability can even be a way to brokers the peace between certain parties, rather than an injured party, using more serious action (Mancuso, 2014). There is always a personal risk of exposure to liability, this is considerably high; both the partnership property (organizational assets) and individual assets are at risk; however, only a portion of the lawsuit is satisfied by individual property – that is, what remains after partnership property has been accounted for. There can be personal risk also of exposure to liability, it isShow MoreRelatedLiability Exposure Within Multiple Businesses2028 Words   |  9 Pages There is always liability exposure within multiple businesses, There is always the personal risk of exposure to liability, this is considerably high; being a sole proprietor, they assumes unlimited personal liability, also for breach of contract lawsuits. Under this business entity all personal assets or put at risk for the sake of the organizations itself. liability deal with certain responsibilities of one party or a group of an organization that deals with financial compensationRead MoreThe Problem Of The Medical Marijuana Industry1410 Words   |  6 Pagesstaggering growth in recent years with many state level legalizations and the federal memo issued in 2013 that told prosecutors to leave these businesses alone, as long as they comply with all their state laws. Colorado was the first state to legalize marijuana for recreational purposes and marijuana infused edibles soon became a rapidly growing element within the marijuana industry. As such, states are struggling to write e ffective legislation and create adequate testing and identification to addressRead MoreProposed Changes Of The Accounting Infrastructure Reform Bill871 Words   |  4 Pageson auditors. The Accounting Infrastructure Reform Bill includes proposals to change this rule and allow members of accredited professional bodies to perform statutory audits. The Reform Bill is also proposing other methods for auditors to limit liability. There are a number of reasons behind the proposal. It allows for auditors to overcome limitations faced with their current partnership structure. A partnership structure means that a high level of care and standard must be present as every partnerRead MoreDisneys Strategic Initiative Paper1708 Words   |  7 Pagesthat talks about Disney’s role of ethic and compliance, procedures used to ensure ethical behavior, SEC regulations, financial performance, and the financial health. Role of Ethics and Compliance Disney has a tremendous amount of exposure to ethics and compliance criticism. Millions of consumers patronize the Disney Company, spending billions on the products and services the company offers. 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With the use of technology rampantly increasing in society, Telstra is a company that appeals to a vast range of people, providing consumers with mobile and media connectivity, businesses with necessary software and network applications, and the sick and elderly with ehealth solutions. This report addresses Telstra Corporation Ltd, its shareholders, risk-return analysis and cost of capital review. 1.0 Shareholder AnalysisRead MoreSample Resume : Financial Analysis And Reporting Skills919 Words   |  4 PagesBroadly skilled and versatile assistant accountant and bookkeeper with more than 10+ years experience across multiple industries, providing both hands-on accounting support and higher level reporting. Excellent financial analysis and reporting skills, providing insights, trends and financial statistics for senior management to use in decision making. Able to confidently maintain large AP AR ledgers, Recognised as someone who is pro-active with the ability to quickly identify improvements in processesRead MoreWhat Type Of Entertainment Platform?1212 Words   |  5 Pagesenvironment around them. Many reasons can lead to poor financial performance for DirecTV, one being political instability. According to Nelthorpe (2012), Latin America has had some cases of nationalization, to include Venezuela’s nationalization of oil businesses, but is it usually physical assets that are continually taken over. DirecTV itself is in very little danger of nationalization. Political instability is an added potential risk, the outcome stems from a number of issues including corruption, terrorism