Emma and Anna are optometrists (eye doctors) who want to ope…

Emma and Anna are optometrists (eye doctors) who want to open a new eyecare clinic together in an RV that will travel around the country providing service to patients. They decided to name their business “Rolling Eyes” and want to structure their business as a limited liability partnership (LLP). To operate their business as an  LLP, what do Emma and Anna need to do?

Mickey has $50,000 saved to open up a coffee shop, but that…

Mickey has $50,000 saved to open up a coffee shop, but that isn’t enough to open up his dream coffee shop. Mickey approaches his best friend, Bob and asks him to invest in his business for $10,000. Bob agrees to this deal, but he tells Mickey that he doesn’t have any time to help Mickey actually manage the business and only wants to invest in the business so he can earn a share of the shop’s profits, so the two form the new business as a limited partnership. One morning, a loud group of college students came in spilled coffee all over the floor of the shop. A customer told Mickey about the coffee spill, but Mickey chose to do nothing about it. Shortly thereafter,. Teddy came in to order a coffee and slipped on the wet floor and broke his collarbone. If the business is responsible for Teddy’s injury, to what extent are Mickey and Bob personally liable to Teddy?