Question 12

How does a corporation complete its dissolution? If there are remaining debts after the dissolution, are the stockholders responsible? Explain your answer in detail and provide examples to support your answer.

Question 13

Compare and contrast the advantages and disadvantages in terms of startup cost, liability, taxes, and ease of dissolution of the following:

-Sole proprietorship;

-Partnership;

-Limited Liability Company; and

-Corporation

Question 14

In the documentary Hot Coffee, reference is made to the American Tort Reform Association and the U.S. Chamber of Commerce. You must do the following for each of these organizations:

-Explain what the group does;

-Identify who the members of the group are; and

-Give an example of how each group influenced one (1) of the cases described in the documentary.

Question 15

Identify three (3) ways in which your view of the business and legal environment has changed after taking this class? You must support your answer with specific examples from material covered in class and explain your reasoning.

Extra Credit Question 1: (10 points)

Define the term Streetsurance and explain how it works.

Define the term Paralawyer and explain what it is.