Looking for help with an assignment? Connect with an assignment Expert Now!

Explain the legal concept of limited liability to Jaffe and Jordan

After reading chapters 1,2,3 & 19. Answer the following questions based on the information provided. Answer should be own in own words and APA format must

1. BUSINESS ORGANIZATIONS

Jaffe Desk and Jordan Reilly just graduated from UC with a master’s degree in marketing and public health. They want to establish healthcare business that will source and distribute pharmaceutical products in the United States and internationally. Jaffe and Jordan know that before they can invest their time and other resources in the project, they must obtain financing, which means that they must raise money to pay for the investment cost and other operating expenses. Because the company might not be listed in any capital market right away, they will not be able to raise equity funding from the public. Therefore, they are considering raising long-term capital from various sources including angel investors, venture capital market, bank loans, crowdfunding, and initial coin offerings (ICOs). They learnt in corporate finance course the advantages and disadvantages of different forms of business organizations. They are worried about the legal concept of limited liability and how it will affect their personal fortunes in the future in case the business fails. They are not very sure which form of business organization to set up to protect their personal liability, reduce taxes, and access external funding. Therefore, they are considering a partnership, a limited liability, or a corporation.  A cash budget they prepared shows that $5 million seed money would be needed to hire staff, buy computers, rent an office space, promote, and market the business as well as to meet other business development expenditures. They have agreed to share profits and losses equally if they decide to form a limited partnership. The general partner will, however, be paid a fixed salary of $6,000 per month before taxes and other payroll deductions.

In order to make good and right decision, Jaffe and Jordan have approached you to help them understand the concept of limited liability, advantages, and disadvantages of the various forms of business organizations and possible sources of funding for the business.

  1. 1) Explain the legal concept of limited liability to Jaffe and Jordan
  2. 2) Give 2 advantages and 2 disadvantages of each of the following forms of business organization to Jaffe and Jordan:
    • partnership,
    • limited liability, and
    • corporation
  3. 3) Ultimately, what form of business organization would you recommend Jaffe and Jordan to consider. Why?
  4. 4) Based on your recommendation above, explain to Jaffe and Jordan if the following sources of raising long-term capital are appropriate for them:
    • angel investors (angels)
    • crowdfunding
    • venture capital
    • initial coin offering, and
    • long-term debt

Get a Quick Quote

Approximately 250 words
Total price (USD) $: 10.99

Pressed for time on your upcoming paper? We can help!

Bored with homework

Reviews from Clients who Ordered from Our Website

Client: 3425

Ive submitted over 30 assignments from this website and gotten an average of 3.8 G.P.A.

Client: 2516

Juggling school with family and work has always been hectic but this website made it easy to do my studies and work while raising my 3 year old girl.

Client: 3516

Great customer service and quality work delivered on time!

Client: 2718

Client: 7384

Client: 8291

Client: 162

Client: 827

They delivered a professional and well written Resume for me. Reccommend

Why Us?

Privacy

Your personal and payment details are safe with us. Our website uses secure encryption for all orders. We guarantee not to share your details with any third parties.

Flexible Pricing

We offer great discounts and flexible pricing tailored to your needs. Additionally, we provide offers for orders above 30 pages and returning customer.

Originality

Our Professional Team of Writers have great experience and writing techniques to provide you with Quality Non-plagiarized work.

Customer Support

Our Customer Support and Professional Team of Writers are always available to help you anytime. Our Team  of writers are also available to take care of your writing needs 24/7 Live Chat is available 24/7 

How it Works

Step1: Provide Instructions

 

Provide detailed instructions including deadline for your paper and any additional information

Step 2: Pay & Assign Writer

 

Complete payment through our safe checkout and wait for your order to be assigned to suitable writer

Final Step: Download & Review

 

Download & Review your paper. You may request revision if anything is not satisfactory and rate the writer.