Business Law Questions
Q1) 1. Discuss the advantages to operating a small business as a corporation
rather than as a general partnership. How would the small business address the
corporate taxation issue so as to convert to personal taxation?
2. Discuss
whether a corporation may be held criminally liable for the acts of its
directors, officers, and/or employees. Explain.
3. Explain when
equitable remedies would be the more appropriate relief requested by
plaintiffs/claimants. Identify and explain three scenarios in which equitable
remedies would be requested.
4. Assume you
plan on creating an accounting firm partnership with two of your fellow
graduates. How might the three of you set up the form of business so that you
are able to take advantage of liability limitations. Explain.
