Taylor works for StarTech Solutions, a small tech consulting…

Taylor works for StarTech Solutions, a small tech consulting firm with $500,000 in annual revenue. After a car accident, Taylor becomes wheelchair-bound and requests that the company install an elevator to allow him to access the second-floor workspace. The cost of the elevator is estimated at $240,500, which exceeds 40% of the company’s annual revenue. When StarTech Solutions denies the request, citing financial hardship, Taylor files a lawsuit alleging disability discrimination under the Americans with Disabilities Act (ADA). Which of the following best describes the company’s obligations under the ADA?

Johnson Manufacturing, Inc. is a corporation owned by three…

Johnson Manufacturing, Inc. is a corporation owned by three shareholders: Mary, Alan, and Susan. The corporation operates a factory producing industrial equipment. Mary personally guarantees a loan for Johnson Manufacturing, Inc. to purchase new machinery. When the company defaults on the loan, the lender attempts to hold Alan and Susan personally liable for the debt, arguing that Johnson Manufacturing, Inc. is merely an extension of its shareholders. Under what circumstances can the court disregard the corporate entity and hold the shareholders personally liable for the corporation’s debts?

RenPop LLC is a limited liability company with three members…

RenPop LLC is a limited liability company with three members: Amanda, Richie, and Donald. Upon forming the LLC, the members are faced with a decision regarding how the entity will be taxed. They seek advice to understand the implications of their choices. Which of the following statements about the taxation of RenPop LLC is correct?

Sarah and John form a partnership to open a bakery called “S…

Sarah and John form a partnership to open a bakery called “Sweet Crumbs.” Sarah contributes $50,000 to cover startup costs, while John, who has extensive baking experience, provides all the labor and manages daily operations. The partnership has no written agreement. After the bakery sells a batch of cakes contaminated with a harmful ingredient, a customer sues and wins $20,000 in damages. How will liability for the damages be divided?