Question: Please help me on how to response to this question 1. Nerissa Smith has invested $47,000 in Northeast Productions Company. The firm has recently declared
Please help me on how to response to this question

1. Nerissa Smith has invested $47,000 in Northeast Productions Company. The firm has recently declared bankruptcy and has $108,000 in unpaid debts. Explain the nature of Nerissa's personal liability, if any, in each of the following situations. a. Northeast Production Company is the sole proprietorship owned by Ms. Smith. b. Northeast Production Company is a 50-50 general partnership of Nerissa Smith and Roger Brown. c. Northeast Production Company is a limited partnership where Nerissa Smith is a limited partner. d. Northeast Production Company is a corporation. 2. Some people say, "I don't care about money. Money doesn't mean anything to me."( Often, the ones who say this have plenty of money anyway.) Why, in most cases, is that simply not true? Finances are important; they have a role in our lives. The question is: How can we keep money and our need for money in the right biblical perspective? Post your response in the Forum (200 - 250 words) and reply to at least one classmate with constructive feedback (75 words). The initial post is due by 11:55pm on Sunday. Replies to classmates are due by 11:55pm on Thursday
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
