“Choosing Between a General Partnership and LLC: A Christian Perspective on Forming a Business”

Assignment Instructions Overview
Peter and Andrew are brothers. Since childhood, they have wanted to convert a barn on their grandfather’s farm into a hunting and fishing lodge that would provide modest but comfortable accommodations for sportspersons using nearby recreational lands. Andrew has suggested that they bring his friend, Paul, into the business, as well. While Peter and Andrew would develop the property, Paul has experience in the hospitality industry and could manage the day-to-day operations. Peter and Andrew would also want to make the lodge available to local church groups for worship retreats. They haven’t yet discussed this with Paul, because they know he is not comfortable with most churches and their positions on social issues. The men are now discussing how to form the new business, and have narrowed their choices to a general partnership or a limited liability company (LLC). What would you advise, and why? Consider and discuss issues such as:
What personal liability will the owners have for the obligations of the business (contracts, debts, lawsuit judgments, etc.)
Should Paul be included as a co-owner, or in some other role? On what do you base that decision?
How would contributions to the new business of skills, experience, labor, etc. be valued when determining percentages of ownership (i.e., how would you assign monetary value to them to calculate percentages of ownership)?
How would profits and losses be distributed?
Title your thread “General Partnership” or “LLC” to indicate your conclusion.
Suggested Reading:
2 Corinthians 6:14–18 (For this passage, you should consult some trusted exegetical commentaries, many of which may be found on Christian Classics Ethereal Library linked below.)
Discussion: Forming a Business Resource
Christian Classics Ethereal LibraryLinks to an external site. https://www.ccel.org
DISCUSSION ASSIGNMENT INSTRUCTIONS OVERVIEW 
Discussions bring dialogue and communication into our learning experience. Unlike the unsubstantiated opinion we see in the public square and social media, these discussions provide a space for in-depth analysis and application of the topics in our Learn readings and
presentations. Each debate is a mini-research paper developing conclusions that are supported by scholarly sources and critical analysis. The replies are expressly assigned to respond to classmates with different conclusions or analyses and require civil discourse to
broaden understanding of the topics.
INSTRUCTIONS
Each discussion consists of 2 parts:
1) a thread of at least 300 words in response to the provided prompt and
2) replies of at least 150 words each to 2 classmates’ threads.
Each thread and each reply must reference at least 2 scholarly sources other than the course textbook, cited in current APA format (including both in-text citations and a reference list). You
must also support each thread and reply with thoughtful analysis (considering assumptions, analyzing implications, and comparing/contrasting concepts) and Biblical worldview integration.
Well-developed, complete worldview analysis of the situation requires more than simply adding a Bible verse at the end of the post. Each thread and each reply must include at least 1 verse from Scripture, quoted and applied as an integral part of the discussion of the applicable issues in the
context of a Biblical worldview. 

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