Question: Tyler decides to open TIP Tech all by himself without his two friends. He hirecouple of salespeople to sell batteries to potential customers. He does

Tyler decides to open TIP Tech all by himself without his two friends. He hirecouple of salespeople to sell batteries to potential customers. He does not, however, take any steps to form a business entity. One of Tyler's employees sues TIP Tech for religious discrimination. The jury rules in favor of the employee and orders TIP Tech to pay the employee $5 million. What assets are available to the employee to recover on the judgment?
The money in TIP Tech's business bank account, the money in Tyler's personal bank account, Tyler's house, Tyler's car(s), Tyler's investment accounts, Tyler's retirement savings, and any other asset of value in which Tyler has some form of ownership interest.
Just the money in TIP Tech's business bank account.
The money in TIP Tech's business bank account, the money in Tyler's personal bank account, and any of Tyler's investment accounts, but nothing else.
The money in TIP Tech's business bank account, plus the money in Tyler's personal bank account, but nothing else.
 Tyler decides to open TIP Tech all by himself without his

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!