LAW531 LAW531 Week2 Learning Team Reflection - 19330

Solution Posted by
Solution Detail
Price: $8.00
  • From: Business,
  • Posted on: Mon 22 Jul, 2013
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

Discuss with your Learning Team the following questions as related to the Week One objectives:


·         What are the benefits to commerce of having shareholders—and other entities that shield their members—protected from personal liability?


·         Would commerce be better served if personal liability would attach to those individuals for the misdeeds of their entity? Why or why not?


Write a 350- to 1,050-word paper detailing the findings of your discussion.

Solution Description

One of the benefits of forming a corporation or limited liability company is that all shareholders have limited liability, which means that none of them is personally liable for the company’s debts and obligations and is personally affected from the criminal actions of the company (Cheeseman, 2010). If the corporation or limited liability company ever goes ban