Jonathan, Gary, and Ricardo are active members of a
partnership called Swim City. The
partnership manufactures, sells, and installs outdoor swimming pools in the
states of Texas and Arkansas. The
partners want to continue to be active in management and to expand the business
into other states as well. They also are
concerned about rather large recent judgments entered against swimming pool
companies throughout the United States.
Based on these facts only, discuss whether the partnership should
according to my knowledge and By law,corporate status insulates the incorporates, owners, officers, etc., of a corporation from personal liability in lawsuits.Partnership status-does not have such an insulating mechanism.
Jun 15th, 2014
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