Business, Duties, and Ethics

Research the different types of business organization formations and determine which is best to avoid liability when starting your own accounting firm. Support your determination with evidence. Compare and contrast the fiduciary duties partners owe to each other in a limited liability partnership. Include an example of how each can be breached and explain how the Systematic Approach is best when facing an ethical dilemma. Explain your understanding of the Business Judgement Rule. Using the Nexis-Uni Database, research a lawsuit example that helps demonstrate the application of the rule. In your answer, provide the facts of the case and the decision by the court. Use at least three quality sources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least once within your assignment. For help with research, writing, and citation, access the library or review library guides.