Legal Underpining of Business Law

Legal Underpinning of Business Law

BUS 670 Legal Environment

In this paper I will discuss business structure and organization and how liability differs between each organizational form. My business Tinker's Home Security Service is being sued by one of my clients for breach of contract. The lawsuit derives from the fact that one of our clients' property was burglarized and they are stating that we failed to dispatch authorities to their property after the alarm had been triggered. There are different ramifications depending upon how I chose to structure this business and in the next section I will briefly discuss each of them.

The various forms of organization are established by state law. There are a wide variety of business organizations recognized by...